HOW BAIL BONDSMAN MAKE MONEY

HOW BAIL BONDSMAN MAKE MONEY

Everything You Need to Know About a Bail Bondsman

When you or someone you know is in a situation where they are facing jail time, the best way to potentially get out is by hiring a bail bondsman. A bail bondsmam is a person who is licensed and trained to help people get out of jail. They offer solutions to assist in raising the amount of money needed for the individual’s bail.

How Do Bail Bondsman Work?

When someone is taken into police custody, bail is usually set by a judge. The amount of bail is usually set to ensure that the person arrested shows up to their scheduled court date. The bond term is generally set by the court. Depending on the severity of the charge, bail can vary in price.

In order to be released from custody, the person arrested needs to raise the set amount of money set as their bail. This is where a bail bondsman will come in to help. Bail bondsman are registered with a certain court and they have the ability to provide cash or surety bonds. A cash bond requires that the person arrested or the person helping them pay the entire amount of bail.

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On the other hand, a surety bondsman has the ability to pay a portion of the bail set. They will charge a fee and other requirements before the person can get out of jail. A bail bondsman typically requires collateral in order to pay the difference between the amount of bail set and what the bondsman covers. This typically covers the cost that the bondsman has to pay if the person does not show up to their court date.

FAQs

Q: How much does a bail bondsman charge?

A: The fee charged by a bail bondsman is typically around 10-15% of the total bond amount. However, certain states have different regulations, so this percentage may be different.

Q: What happens if the person doesn’t show up to court?

A: If the person doesn’t show up to their court date, the bondsman has the right to take all of the collateral they are holding and sell it to cover the remaining balance. The bondsman also has the authority to help law enforcement personnel find the person, who is now considered a fugitive.

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