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What is a Phone Solicitor Bond?

A phone solicitor bond is a form of insurance that guarantees that telemarketers will abide by laws pertaining to them and act ethically with personal information and money they handle. Because of the large number of regulations that have recently been set to apply to telemarketers and the resulting difficulty staying in business, the rates of surety bonds may be higher for telemarketing bonds than for some other types of surety bonds.

Before telemarketing companies purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.

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