Don't Wait Until the Last Minute to Call Security

How A Bail Bonds Service Makes Money Helping People Get Out Of Jail

Bail bonds services are often a little confusing to many people because, on the surface, it looks as though they're taking a risk with no profit in it for them. The way a bail bonds service survives and continues to operate is often in the fees they charge and working with people that don't skip out on their bond.

Bond Fees

When you are looking for a bail bonds service to help get someone out of jail or maybe get released yourself, you will have to agree to pay a percentage of the bond upfront to the bail bondsman, and most contracts also include fees for the service. The fees involved can change based on the amount of the bond required, so when you go to court, and the bond company receives the bail back, you will also have some fees to pay for the service. 

In some cases, those fees can come from the percentage of the bond you gave the bail bonds service, or if you used some form of equity for security, you might have a bill for the fees after you get out of jail. The fees are how a bail bond agency makes a profit for most cases they take on. 

Skip Tracing And Bail Recovery

Often referred to as bounty hunting, a bail bond agency can track down people who failed to appear in court and collect a fee. The bounty can be quite high depending on the crime and the urgency to get the fugitive back in custody. Some bail bondsmen are very good at tracking down people who have skipped or run out on the bond for their own company or someone else's.

Often it takes some time to find the person, especially if they are trying to stay off the radar, but with the right tools and knowledge, a good skip tracer can find you no matter where you try to hide. In some cases, high-profile fugitives have stayed free for years, but eventually, they were caught, and the bail bond agency that found them is paid a handsome fee for their work.

Asset Liquidation

In some cases, people will put up collateral for a bond and try to flee before the case goes to court. If the person is not found, the assets that they put up become the property of the bail bonds agency, and they can be sold or liquidated to recover the cost of the bond and the fees associated with it. The process of selling off these assets can be time-consuming and often require some legal work to transfer ownership before the sale.

More and more bail bond agents are refusing houses and cars as collateral and sticking to cash changes to avoid these hurdles to recover their money if you do not show up in court. If the bond bonds agency does agree to take property as collateral, the value is often higher than the bond, and the bonds company will make some profit on it, but it can time some time to recover their costs this way.

If you're interested in learning more or working with a bail bonds service, such as Abaasy Bail Bonds, reach out to a bondsman today.