How Does the Bail Bond Industry Make Money? – Community Legal Services

Last Updated on Saturday, 30 April 2022 04:02 Written by Larry Saturday, 30 April 2022 04:02

The bail bond industry earns a profit from bail cash. Bail bond services earn money by lending money who need bail. Bail bonds agents earn 10% from the bail money to cover the costs of making the loan.

If the defendant is before the court on every one of the court’s scheduled dates, the bondsman is required to pay the total amount of the surety bond to the judge. If the matter is completed the surety bond as well as the remaining 10% of bail awarded to him at the commencement is dissolved.

Bail bondsmen are paid on an income-based commission. That means they are paid a portion of bail in the event that the person is arrested at court. Bondsmen require collateral, in addition to the 10% fee they demand. A piece of land, a house, stocks insurance, vehicle and even jewelry could be collateral.

Some lawyers try for judges to allow lower bail to ensure the accused’s family is not in a position to be compelled to pay a massive amount that they will never see the same amount again.