It can also be more difficult to locate a reputable bail bond company than one would expect. Feel free to visit their website at San Angelo Bail Bonds Association for more details.
The bail bond business is much like any other industry that is currently open to the public in the sense that not all businesses or firms work in an honest manner. How do you know if the services you are offered are feasibly valid or if anyone trying to help you could swindle you?
While the bail bond market is highly regulated, there are a few select businesses out there that do not conduct business in an ethical manner. It is also useful to look into the company’s history before choosing a bondsman and to speak face-to-face with their bond agent before committing to any arrangements. A number of bond firms have come under investigation for malpractice in recent years. Most of these incidents involved wrongdoing in an effort to apprehend a jumper by fugitive retrieval officers or bounty hunters. In some cases, criminal charges against bounty hunters for unlawful detention practices have been filed and tried.
When choosing a bondsman, the first thing to note is that if it sounds’ too good to be true,’ it probably is. You should seriously consider moving somewhere else if a bondman gives you a “no money down” or “zero down” loan. The amount of the premium required for the bond is set by the Department of Insurance of the state in which the agency operates and should be consistent with all state bond companies. The agent would have to pay a substantial portion of the state-designated fee to their lending company until this payment is made (10 percent in California). This is one way that a consumer can detect an agent of “unethical” bonds. How does this business stand to benefit if, when their protection company wants to be paid, they have a loan with no money down?
Usually, in the event that the bailee skips the court date given to them, an institution may require the co-signer to put up a “mortgage” or security interest in real assets to protect the loan sum. It is common practice when choosing a “no money down” bondman that these agencies would use the collateral mortgage over the head of the co-signers to guarantee the ten percent bond premiums. Such types of agencies prefer to use methods of collection and etiquette that the majority of bond agencies do not employ. While this is not always the case, behind this sales pitch, an organization providing a “zero down” bond usually has a motive that appears to favor the firm over the client.