Illinois debt management bonds.
$375 flat.
Illinois licenses debt management services through the Department of Financial and Professional Regulation, and the Debt Management Service Act requires every applicant to submit a $25,000 surety bond under 205 ILCS 665/6. Ours is $375 flat, the price you see is the checkout price. No credit check.
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How much does an Illinois debt management bond cost?
$375 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Debt management license bonds are a straightforward IDFPR filing. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $375 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with IDFPR
Your executed bond arrives by email, ready to file with your debt management license application at the Department of Financial and Professional Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Illinois regulates debt management services — companies that take consumers' money and distribute it to their creditors under a debt-pooling plan — under the Debt Management Service Act, 205 ILCS 665. Section 6 requires every applicant to submit a bond in the sum of $25,000, from an insurer authorized to write fidelity and surety business in Illinois; the Secretary can require an additional amount based on the disbursements you made in the previous year.
It's a three-party arrangement: you (the principal), the surety carrier, and the Secretary of Financial and Professional Regulation (the obligee). The bond runs to the Secretary for the use of the Department or of any person with a cause of action against you arising out of a violation of the Act or its rules — the money-handling protections at the core of the license.
It is not insurance for you — if the surety pays a claim, you repay the surety. This bond rides Illinois' statutory renewal cycle, renewing each December 31 with the license, so the term you pick sets how many renewal dates it spans; we track it and send notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with IDFPR. Your executed bond arrives by email, ready to file with your debt management license application at the Department of Financial and Professional Regulation. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $375 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your debt management license today.
$375 flat, issued the moment you pay, no credit check. Free until issued.