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Question about Bail Bonds
cletus85
Member Posts: 2,104 ✭✭✭✭✭
I've never had any first hand experience with this business, thank God[:D] and would like someone to explain how this process works. Here's the story.... my Wife's worthless daughter's husband was arrested for a domestic violence charge and the bond was set at $10,000... of course my wife's daughter bonded him out with help of a payday loan[V]
My question is what does a typical bondsman charge for their service? In other words what did this cost my wife's daughter? Not counting the stupid payday loan[:(!]
Thanks for explaining this to me[;)]
My question is what does a typical bondsman charge for their service? In other words what did this cost my wife's daughter? Not counting the stupid payday loan[:(!]
Thanks for explaining this to me[;)]
Comments
... my condolences![:o)]
past six months![:o)]
my business cards looked like monopoly get out of jail card, 1-800 set-u- free, i know more than 7 numbers
trivia : why do bond agancies have names like AA or AAA?
i did it for a few years, you put up the bondsmen fee, but you are liable for the entire amount if something should arise, in any case you will not see a refund what so ever, if you where to find a "general bondsman" you could get that for around 800 bucks with good references, who ever signed for it better make sure he shows up for court
my business cards looked like monopoly get out of jail card, 1-800 set-u- free, i know more than 7 numbers
trivia : why do bond agancies have names like AA or AAA?
First in the phone book?
Ben
quote:Originally posted by fshfndr
Payday loans can eat your money up fast.
I'm confused. What service does a bail bondsman serve? Can't a person just pay the bail themselves without going through the bondsman?
Yes they can, but if you go through a bondsman then you'll pay the 12-15% of the actual bond. After you show up for court the bondsman gets refunded his money and you are out the 12-15%.
I'm confused. What service does a bail bondsman serve? Can't a person just pay the bail themselves without going through the bondsman?
Sure, if you've got the bucks. Usually the people who need bail money are the same people who ain't got no money. The bondsman is just loaning you the money to get out of jail, but he doesn't actually put up the money unless you don't show up in court. You sign a contract giving up most of your constitutional rights in case you jump bail.
Gee - I sound way too familiar with this process.
Doug
So if you pay the bond yourself, you have to pay the entire thing, but through a bondsman you only have to pay the 12-15 percent?
It's just a bond to guarantee you will appear in court. Not necessarily cash up front. If you are a property owner, they usually let you sign a bail contract with the court that if you don't show up, the judge owns your house. The 12% - 15% is just the vig on a loan.
Margaret Thatcher
"There are three kinds of lies: lies, damned lies and statistics."
Mark Twain