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Bondsmen 101: Who They Are and How They Help You Post Bail

February 4, 2025 By Teri Monroe Leave a Comment

What you need to know about bail bondsmen
Image Source: Pexels

A bondsman is a person or company that will help you post bail if you don’t have enough money to pay the full amount upfront. This is a practice that has been used since 1898 in the United States. But, it is outlawed in many other countries. According to a Bureau of Justice Statistics report issued in 2007, data shows that more individuals show up for court when released on bail if a bail bondsman is used. The study found the no-show rate for those on bail bonds was 18%, versus 30% for those released on unsecured bonds. So, while commercial bail bonds may be controversial, they do have a purpose. Here’s what you need to know if you require their services.

How It Works

Bondsmen deposit a bond with the government on the defendant’s behalf. It is a bondsman’s responsibility to make sure that the defendant shows up in court. They may use a bounty hunter to make sure the defendant appears. If the defendant fails to appear in court, the bondsman will try to recover the bail amount. Usually, they have 180 days to do so.

How Much Do They Charge?

Bondsmen typically charge a non-refundable fee of 10%-20% of the bail amount. Some discounts may be available for veterans, military members, and union members. A smaller percentage may also be charged if the defendant has private counsel since they are more likely to show up in court.

On top of this, they will negotiate a down payment and payment plan. In some circumstances, they may require collateral for the bail bond.  In Nevada for example, it is allowed that a house may be used as collateral and a deed of trust must be issued to the bail bondsman, essentially putting a lien on the property.

What Do You Need to Obtain a Bail Bond?

If you are working with bondsmen, there are several things you will need to obtain a bail bond. Typically, a co-signature from a family member is required. A bondsman may also ask for a bill with an address on it, photo ID, and check stubs. Types of payment can include checks, cash, or credit cards. Once a bail bond is secured, defendants can be released from jail within hours.

Exceptions

Some states have banned the use of bondsmen and instead use a cash deposit alternative. These states include Illinois, Oregon, Wisconsin, and Kentucky. The American Civil Liberties Union has criticized the practice of bail bonds as a form of injustice against low-income communities and fueling the mass incarceration of innocent people.

In addition to states that outlaw bondsmen, some states like California have very strict penal codes regarding bondsmen. The California Department of Insurance regulates the industry. Bondsmen and bounty hunters are not allowed to engage in any illegal activity when trying to bring a defendant in or recover a debt. For example, they can’t force entry into a defendant’s home. In many ways, the profession is not like what is often portrayed in the movies or television.

Do you have additional questions about bondsmen? Let us know in the comments.

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: Uncategorized Tagged With: bail bonds, bailout, bondsmen

5 Streaming Services Scaling Back Amid Subscriber Losses

January 30, 2025 By Teri Monroe Leave a Comment

streaming services losing subscribers
Image Source: Pexels

According to Fortune Business Insights, the video streaming market is now valued at over $670 billion. Additionally, there are approximately 1.8 billion subscriptions to video streaming services and 34% of all TV usage is dedicated to streaming. The industry enjoyed a significant boom during the COVID-19 Pandemic, and many companies hoped subscriptions would continue to grow at the same rate. In many cases though, streaming services are now losing subscribers.

Now there are so many streaming services available to consumers that some of the ambitious hopes companies placed in streaming services are being dashed. Many consumers are unsubscribing from multiple platforms due to rising costs and cutbacks on family sharing. Outside economic factors have also forced many Americans to cut back on subscriptions within their budgets. As a result, some of the major streaming services are scaling back their content. Here are 5 streaming services that are scaling back because of subscriber loss.

1. Starz

According to Forbes, Starz lost the most amount of subscribers among streaming services, losing a total of 840,884 paid subscribers from December 2023 to May 2024. As a result, the company canceled many of its original programming like Heels and Run The World. Starz also separated from its parent company Lionsgate. However, Starz claims that it is one of the only profitable streaming services and that membership numbers fluctuate due to outside factors. Ultimately though, the loss of subscribers has had a negative impact on the service.

2. Apple TV

While Apple TV is known for producing some of the best content, the platform is still losing subscribers. After spending $20 billion on shows and movies since it launched, Apple TV still lost 528,285 paid subscribers from December 2023 to May 2024. According to a Bloomberg report, Apple is planning to cut back on its massive TV spending, leaving consumers with less content.

3. Disney+

While Disney+ and Hulu were profitable in 2023, Disney has said that the production company is scaling back on its movie production and focusing on quality. The streaming service Disney+ lost 294,956 paid subscribers from December 2023 to May 2024. Disney+ costs $9.99 per month for the Basic plan, and $15.99 per month or $159.99 per year for the ad-free Premium plan. These steep costs may be making subscribers think twice.

4. Hulu

In the same period of December 2023 to May 2024, Hulu lost 504,426 paid subscribers. As of last February, Hulu cracked down on password sharing which may account for some of the loss of subscribers. Some users on Reddit have voiced frustrations about excessive ads and the platform’s limited movie selection.

5. Netflix

Netflix losing subscribers
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In 2023, Netflix price hikes and a crackdown on sharing accounts led to many subscribers canceling the streaming service. A recent study by TransUnion found that Millennials are especially intolerant of rising rates, with 53% saying they’ve given up a service after a price jump. Many consumers aren’t a fan of Netflix’s ad-supported tier for $6.99 as opposed to the ad-free tier which is $15.49 a month.

The Race for Subscribers

Ultimately, retaining subscribers is a challenging task for streaming services. Many streaming platforms churn and burn subscribers after sign-up promotions end, or prices increase. As platforms lose subscribers, they typically cut back on content. Customers then drop the service due to lack of content creating a vicious cycle.

Which streaming services do you subscribe to? Are there any subscriptions you have cut this year? Let us know in the comments.

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: Technology Tagged With: streaming, streaming services, subscriber loss

3 Major Credit Card Issuers Facing Lawsuits Over Hidden Fees

January 28, 2025 By Teri Monroe Leave a Comment

Lawsuits over hidden credit card fees
Image Source: Pexels

Credit card companies and banks often tack on extra fees to the consumer that sometimes we aren’t even aware of. Recently, there has been a crackdown on these hidden fees from regulatory bureaus and lawsuits. Many of these lawsuits over hidden fees have been settled and regulations have gone into effect putting money back in the pockets of Americans. Read on to find out about some of the hidden fees consumers were being charged by major credit card companies and banks.

ATM Fees Lawsuit

Visa and Mastercard have recently settled a lawsuit for inflating fees at ATMs. Claims were made that additional ATM fees imposed by banks associated with Visa and Mastercard networks were not clearly disclosed, court records show. The fees, called surcharges, happen when customers use ATMS outside of their bank’s network. The lawsuit was settled for $197.5 million.

Merchant Fees

A lawsuit was brought against Visa and MasterCard claiming that the credit card company overcharged retailers on interchange fees, or swipe fees, when patrons used credit or debit cards. Additionally, it prohibited retailers from directing customers toward other means of payment. The case resulted in a  $5.5 billion class-action settlement.

Junk Fees

In March of 2024, The Consumer Financial Protection Bureau (CFPB) finalized a rule to cut excessive credit card late fees. The CFPB lowered the typical late fee from $32 to $8. This rule change will save Americans more than $14 billion a year. The ruling is currently being challenged in the court system with credit card companies arguing that reducing late fees punishes consumers who pay on time.

Undisclosed Financing Fees

In 2018, Wells Fargo was sued by a Texas jewelry company for encouraging hidden fees to customers in its financing program. Wells Fargo told retailers to build financing fees into the price of goods and advertise interest-free financing. But what customers may not have realized is that they could purchase the same item for much less with cash and avoid the built-in almost double-digit interest fee. Ultimately, the lawsuit was dismissed.

Protecting Yourself Against Hidden Fees

As a consumer, it’s important that you are aware of charges to your accounts. Remember, always read the fine print when signing up for a credit card or loan. Some credit cards will try to sell you on add-ons when you sign up. For example, some companies will pitch you identity monitoring services or credit protection. Other additional fees to look out for are foreign transaction fees, cash advance fees, and balance transfer fees. The Credit Card Act of 2009 protects consumers against hidden fees. It also requires credit card companies to increase transparency around credit card terms.

Ultimately, if you see a charge on your credit card or bank statement that you don’t recognize, you can dispute it. Additionally, you can file a complaint with the Consumer Financial Protection Bureau (CFPB) if you believe you’ve been charged an excessive fee.

Do any of these lawsuits over hidden fees surprise you? Let us know your thoughts in the comments.

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: General Finance Tagged With: credit card company lawsuit, hidden fees, junk fees

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