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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

WaMu Fails, Gets Bought in the Same Day

September 25, 2008 By Shane Ede Leave a Comment

Earlier today, banking giant WaMu, was put into a conservatorship by the U.S. Treasury.  That’s a nice way of saying that the bank was failing and failing fast.  I’m of the opinion that if they can’t handle their money very well and fail, then let them fail.  Sure it disrupts things, but that’s the American way.  Or it was.  Now we just print/mint more money to bail these businesses out and off they go.  How come nobody bailed out Enron?  And don’t tell me it was because of the fraud stuff going on.  You should note that several other institutions that have “failed” and been put into a conservatorship recently were announced as being under investigation for fraud.

That’s neither here nor there though.

Later this evening, it was announced that WaMu was being bought by another financial giant, JPMorgan Chase.  What we are now seeing is a consolidation of many of the failed banks.  It’s the cycle of business life.  Businesses near failure and get bought.  Or fail.  Some just slip into the ether and are never heard of again.  But if this continues, we’ll only have three or four major banking businesses around.  Not exactly horrible, but it makes it pretty hard if you dislike a couple of them.

With a bailout looming for the economy (with money freshly minted from thin air) we might begin seeing a turn around.  I kind of doubt it however.  The Government doesn’t have the 700B that Paulson says it will take to bailout the economy so they’ll weaken the dollar to nearly nothing by doing it.  Sure, it’ll weaken if they don’t, but we can’t just go around making money as we go.

Shane Ede

Shane Ede is a business teacher and personal finance blogger.  He holds dual Bachelors degrees in education and computer sciences, as well as a Masters Degree in educational technology.  Shane is passionate about personal finance, literacy and helping others master their money.  When he isn’t enjoying live music, Shane likes spending time with family, barbeque and meteorology.

www.beatingbroke.com

Filed Under: Financial News Tagged With: bailout, economy, government, jpmorgan, jpmorgan chase, wamu

Just What is the Treasury Trying to Pull?

September 22, 2008 By Shane Ede 1 Comment

With apologies to Wil for republishing in entirety.

REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP
From: Minister of the Treasury Paulson
Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP

Dear American:

I need to ask you to support an urgent secret business relationship
with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country
has had crisis that has caused the need for large transfer of funds of
800 billion dollars US. If you would assist me in this transfer, it
would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my
replacement as Ministry of the Treasury in January. As a Senator, you
may know him as the leader of the American banking deregulation
movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check. We need
the funds as quickly as possible. We cannot directly transfer these
funds in the names of our close friends because we are constantly
under surveillance. My family lawyer advised me that I should look for
a reliable and trustworthy person who will act as a next of kin so the
funds can be transferred.

Please reply with all of your bank account, IRA and college fund
account numbers and those of your children and grandchildren to
wallstreetbailout@treasury.gov so that we may transfer your commission
for this transaction. After I receive that information, I will
respond with detailed information about safeguards that will be used
to protect the funds.

Yours Faithfully
Minister of Treasury Paulson

Doesn’t it really put things into perspective when you look at it from another view? What if this was how they had proposed the massive bailout?

Shane Ede

Shane Ede is a business teacher and personal finance blogger.  He holds dual Bachelors degrees in education and computer sciences, as well as a Masters Degree in educational technology.  Shane is passionate about personal finance, literacy and helping others master their money.  When he isn’t enjoying live music, Shane likes spending time with family, barbeque and meteorology.

www.beatingbroke.com

Filed Under: Financial News Tagged With: bailout

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