From a bondsman? My mom put up 500.00 on a 5000.00 bond, through a Bondsman. Court date is in a few weeks, and everythings fine. If the defendant appears for court, and its all done with, will she get her money back? All of it, or a portion?
2006-12-07 14:25:09 · 4 answers · asked by sweetie_baby 6 in Politics & Government ➔ Law & Ethics
No, the bondsman keeps that $500 - it's the profit he makes by fronting the other 90% of the bond with his own money.
2006-12-07 14:27:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No. The $500 fee is interest on the $5000 that the bondsman loaned to her (even though she never actually touched the money, it is essentially a loan to her to get the person out of jail). Yes, its a very high interest rate, but its a very high risk loan for the bondsman, because if the person doesn't show up to court, they don't get their money back from the state. Remember, the bailbondsman is a private business. They must charge this fee to make money.
2006-12-07 14:39:44 · answer #2 · answered by Mike W 4 · 0⤊ 0⤋
I not too sure but I don;t think you get your money. I hope she said the bond on someone she loves because trust me girl, I went through it. When my son father got locked up. I had to use my mom and her credit card for collateral. He skipped court and they came after me, my mom and my son father for that bond m0oney. they even took the whole bond money off her credit card. It sucked but I paid her back. And i no longer deal with him because he knew what he was doing all along. And I knew nothing. Just being a pure sucker.
2006-12-07 14:34:37 · answer #3 · answered by lsdhaiti 1 · 0⤊ 0⤋
no
2006-12-07 14:39:19 · answer #4 · answered by little eddie 1 · 0⤊ 0⤋