The bail bonds industry is much like any other industry that is currently available to the public, in the sense that not all businesses or firms operate honestly. How do you know if the services that you are offering are feasibly legitimate or if you might get swindled by someone who offers you help?
Although there are a select few companies out there that are not conducting business in an ethical fashion, the bail bond industry is heavily regulated. It is also beneficial to look into the company’s background as well as face-to – face meetings with their bonds agent when selecting a bondsman before agreeing to any arrangements. In recent years a number of bond firms have been under scrutiny for malpractice. Most of these instances involved misconduct with the fugitive recovery agents or bounty hunters trying to detain a jumper. In some cases criminal charges have been filed and tried for wrongful detention proceedings against bounty hunters. Do you want to learn more? Visit a bail agent
When choosing a bondsman the first thing to note is that if it sounds “too good to be true,” it probably is. If you are offered “no money down” or “zero down” loan by a bondman you should consider going elsewhere. The fee amount required for the bond is set by the state’s insurance department where the agency operates in and should be consistent across all state-owned bond companies. Once this payment is received, the agent will have to pay a large portion of the designated state fee (10 per cent in California) to their financing company. It is one way a customer can spot an agent with “unethical” bonds. How can this business stand to profit if, when their security company needs to be paid, they provide a loan without money down?
Usually an entity may require the co-signer to put up a “mortgage” or security interest in physical property in order to protect the balance of the loan in case the bailee skips the date given to them by the judge. When choosing a “no money down” bondman it is common practice for these companies to use the collateral mortgage over the head of the co-signers to receive the 10 percent bond premiums. Such types of agencies prefer to use collection methods and procedures which most bond agencies do not follow. Although this isn’t always the case, a company that offers a “zero down” bond typically has a motivation behind this sales pitch that tends to benefit the agency over the customer.
While the bail bond industry is driven by urgency in the needsFree Reprint Articles of the customer, a customer seeking a reliable bailer should take some time to ensure that the choice they have chosen serves the customer’s best interests. All bail bond companies are expected to charge the same sums depending on state legislation, and a legitimate bond company is genuinely defined by the standard of service.