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Started By
Message
How do bail bondsmen operate?
Posted on 3/11/18 at 12:16 am
Posted on 3/11/18 at 12:16 am
$75,000 Bond, bail is $9,000 in ebr.
You hire a bond company how much will it cost if defendant makes his court date and how much collateral do you have to put up? The bail amount or entire bond?
ETA- I’m sure the OT is loaded with people who have had to hire bondsman...is Super still in prison?
You hire a bond company how much will it cost if defendant makes his court date and how much collateral do you have to put up? The bail amount or entire bond?
ETA- I’m sure the OT is loaded with people who have had to hire bondsman...is Super still in prison?
This post was edited on 3/11/18 at 12:28 am
18
Posted on 3/11/18 at 12:20 am to Topwater Trout
What are you charged with?
That depends if we will bail you out!
That depends if we will bail you out!
Posted on 3/11/18 at 12:24 am to fatboydave
This is to settle an arguement. Nobody is in jail. Let’s say rape
Posted on 3/11/18 at 12:24 am to Topwater Trout
Putting up your $100,000 welding rig as collateral should do it,baw.
Posted on 3/11/18 at 12:26 am to Jim Rockford
I still owe 80k on it lol
Posted on 3/11/18 at 12:31 am to Topwater Trout
quote:
The bail amount or entire bond?
The bail amount
Wouldn't be any point of hiring a bail bondsman if you had to put up the full amount
Posted on 3/11/18 at 12:37 am to Topwater Trout
Bondsman puts up the full bail and you pay the bondsman usually around 10% fee. When you appear in court, bondsman gets back the money he put up for your bail and keeps the 10% fee you paid him.
Posted on 3/11/18 at 12:38 am to Powerman
I agree but my friend doesn’t.
Let’s say the bondsman charges 15% and bail is 9k...I say bondsman charges $1,350 my friend says it’s 15% of the 75k for $11,250.
Let’s say the bondsman charges 15% and bail is 9k...I say bondsman charges $1,350 my friend says it’s 15% of the 75k for $11,250.
Posted on 3/11/18 at 12:39 am to Tiger Prawn
That’s how I think it works
Posted on 3/11/18 at 12:51 am to Topwater Trout
quote:
$75,000 Bond, bail is $9,000 in ebr.
murder or rape?
Posted on 3/11/18 at 2:00 am to Topwater Trout
quote:
$75,000 Bond, bail is $9,000 in ebr.
I think your question indicates a fundamental misunderstanding of the terms.
The court sets the amount of bail. You can put up that full amount in cash or put up property (I think it has to be valued at like 120% of the amount of the bail; rarely done). You show up for court and be a good boy, you get it all back when it's over.
More common is you hire a bail bondsman who posts a bond (essentially an insurance policy) for the amount of the bail. It has to pay off the full amount of bail if you skip and run to Mexico. You pay him a premium of about 12% of the amount of your bail. That premium money is gone. You don't get it back no matter what.
The bail bonds biz is scummy as hell. And it doesn't work. Studies show that people who bond out are no more likely to appear for court, and they are just as or even more likely to commit crimes while out on bond. But the bondsmen contribute enough money to political campaigns that they stay in the process. A few Louisiana judges have gone to prison because of their relationships with bondsmen.
Posted on 3/11/18 at 2:02 am to Topwater Trout
u sound trashy
Posted on 3/11/18 at 2:09 am to Topwater Trout
It's about 11% in EBR. I've had the misfortune of bailing a few people out.
Posted on 3/11/18 at 4:13 am to Tiger Prawn
That’s not how it works. The bondsman doesn’t put up the full bond. They pay the fee to the jail depending on charges and all. If the person skips out, the bondsman has a set amount of time to find him. If not, they are on the hook for the full amount. This is where the insurance comes in. The bondsman insurance pays the full bond out of the bondsman own money before they use theirs. It can be a very lucrative business. As far as what percent, it is actually a range they can use and it is set by law.
This post was edited on 3/11/18 at 4:15 am
Posted on 3/11/18 at 5:49 am to Topwater Trout
quote:
How do bail bondsmen operate?
Watch Sneaky Pete
This post was edited on 3/11/18 at 8:37 am
Posted on 3/11/18 at 5:58 am to Topwater Trout
DEY PUT YO FEET ON THE STREET
Posted on 3/11/18 at 6:16 am to Revelator
quote:
Slippery Pete
Sneaky Pete
Posted on 3/11/18 at 6:50 am to Topwater Trout
quote:you and your friend are idiots
agree but my friend doesn’t.
Let’s say the bondsman charges 15% and bail is 9k...I say bondsman charges $1,350 my friend says it’s 15% of the 75k for $11,250.
Based on your scenario:
Bondsman puts up $75k promissory note
You pay bondsman $9k that is non-refundable
Bondsman gets the $75k note returned when you show up in court
You are basically paying 9k to stay out of jail because you cant afford the full amount. You are paying them to loan you the rest.
That is why bounty hunters exists. They are down $64k if you jump bail. They are not fans of that move.
Posted on 3/11/18 at 6:54 am to Rouge
That’s stupid. No way it cost 9k
Posted on 3/11/18 at 6:56 am to Topwater Trout
My understanding is you pay 10% to the bondsman of the full bail, non-refundable.
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