What Is A Bondsman

October 31st, 2012

Many do not know what a bondsman is until they or someone they love needs one. A bail bondsman is a bail bond agent who will act as what is called a surety, and pledge money as bail for people that have been arrested and cannot afford the bail the judge set. This might sound like a confusing business, but it can be relatively easy with the proper education and references.

What happens when people are charged with a crime is they go before a judge to have their bail set based on the type of crime they have been accused of committing. Once bail is set family or friends are allowed to post bail, but more often than not the bail is too much for someone to pay at once. This is where a bail bondsman comes in.

A bail bondsman puts up the money for the bail of the person who has been arrested. The court accepts the bail from the bondsman because they are responsible for getting the accused criminal to their court date. If the person chooses to not go to court and jumps bail the bondsman is responsible for paying the rest of the bail if they cannot catch and deliver the accused to prison. A lot of what a Bondsman does is paper work and dealing with money, but they also have to hunt people down if they skip bail so they do not lose their money.

If you are thinking of becoming a bondsman you are going to have to like chasing and finding the accused if they jump bond. There are some that love the business and there are some that hate the chase. Those that love the chase will love being a bondsman.

To ensure that the bondsman does not lose a large amount of money if the accused jumps bail, the bondsman will ask for some type of collateral before agreeing to post bail. If the accused cannot come up with a collateral equivalent to the amount of their bail they will need a co-signer with the collateral needed.

Most bondsmen need to work 24 hours a day because people need to be bailed out in the middle of the night. You might even say more people need to speak with a bondsman in the middle of the night than during the day. Most bondsman will take a call and listen to the situation and most smart bondsman will assess the situation and decide if the accused is worth the risk. There are some accused that are too big a risk to merit bail bondsman services.

Your Own Bail Bonds Business

April 1st, 2012

Review by: David of Amazon.com

If you are someone considering the entrepreneur’s penultimate foray of owning and operating a bail bond business then Richard Verrochi’s book, “How to Start a Bail Bond Business and Become a Bondsman”, is both commendable and, really, indispensible.

A former stockbroker, Mr. Verrochi succinctly, and yet quite clearly gives an overview of the history of bail, its role in the justice system, and the risks and rewards involved.

One of the more appealing aspects of the work is that although each state posits its own rules governing the industry, Verrochi has created a work which might be regarded as a universal manual; from Alaska to Maine, the principles, “secrets” and recipes for success are all laid out.

Click on the link image at left to read the rest of the review at Amazon.

Bail Bonds Las Vegas

March 9th, 2012

What happens in Vegas should stay in Vegas. However, if what happens in Vegas leads to your arrest, you may not want to stay in Las Vegas. If you are arrested, you will need a good Las Vegas bail bonds service to help you start getting back on your feet and getting your life in order.

A bail bondsman is defined as “a professional agent for an insurance company who specializes in providing bail bonds for people charged with crimes and awaiting trial in order to have them released. The offices of a bail bondsman (or woman) are usually found close to the local court house and jail, his/her advertising is found in the yellow pages, and some make “house calls” to the jail or hand out cards in court. Bail bondsmen usually charge the suspect a fee of 10 percent of the amount of the bond. If a bail bondsman has reason to believe a person he/she bailed out is about to flee, he may revoke the bond and surrender his client to jail.”

In other words, a bail bond is posted as collateral to insure that if you are charged with a crime, you can be released from incarceration and will return for your court date. Should you flee or miss your court date, the money posted for your bond will be forfeited.

If you cannot afford to post your bond in cash, a bail bondsman can post the bail for you, and you will owe them a fee in addition to paying back the bail. However, if you remain in jail, you could risk lost wages or even the loss of your job, besides the general unpleasantness of being forced to remain incarcerated.

If you need Las Vegas bail bonds, it is important to find a company you can trust and one that will be affordable and reliable for you.

Choosing a good Las Vegas bail bonds company should be approached with the same caution and research you use to select any company, whether it’s bail bonds or car insurance: do your homework and shop around.

If you are the one incarcerated, do not use your one phone call to contact the first bail bondsman you hear about. Call a friend or family member who can find a good bondsman for you.

Always make sure that your bail bonds man is licensed and certified in your state, and then make sure you completely understand the terms and conditions of the bail bond being posted before you enter into a contract.

Especially in Las Vegas, many bail bonds companies now offer confidential 24 hour online chats so that you can find out more information from companies any time of the day or night before you select your bail bond company.

If you aren’t sure, you can always ask for references. Bail bonds companies will sometimes ask you to serve as a reference after your time is served, so before you choose, verify their references.

Finally, go with your gut. Your first impression, whether on the phone, in person, or online, will tell you a lot about whether or not you want to use their services and enter a contract with them.