Bail bondsman I don't understand how they work. Do they pay the money for you to get out of jail? If so how do they know you will pay them back or run off ?
2006-06-07 08:10:32 · 5 answers · asked by thehazymoon 2 in Business & Finance ➔ Careers & Employment
A bail bond is a guarantee note saying that you will appear in court at a certain date and time. Typically, a bail bondsman will charge 10% per year on typical bail. (this means if you have a $100K bail, you can get a bond for $10K and it will cost you $10K per year).
When you sign the bail guarantee, you usually agree to check in with the bail bondsman at given times. If you fail to appear, the bail bondsman usually forfeits the bail to the court . The bondsman can thenn go after you for the bail amount (both criminally and in civil court). A smart bail bondsman will require collateral (typically a pink slip or house).
2006-06-07 08:43:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you run off the bail bondsman hunts you down. They take the risk. If they catch you they've earned their keep, if not they have to pay your entire bail.
2006-06-07 15:14:03 · answer #2 · answered by John Luke 5 · 0⤊ 0⤋
Haha watch Dog the Bounty Hunter on A&E
2006-06-07 15:13:51 · answer #3 · answered by DZlady 2 · 0⤊ 0⤋
They pay for you to get out of jail. If you don't pay them back, they hunt you down. That's why they're also frequently bounty hunters. They're usually large, scary men, or have large, scary men to hunt you down. They'll also just get you thrown back in jail if you don't pay.
2006-06-07 15:14:43 · answer #4 · answered by Phillip 3 · 1⤊ 0⤋
They pay ur bond....and you have to pay a percentage of it back...if you dont...and u run...then ur time in jail will pay it back to them thru the courts....Bondsmen are Bounty hunters too...so dont try and out run them...they will get you and their money back
2006-06-07 15:18:18 · answer #5 · answered by celine8388 6 · 1⤊ 0⤋