Bail Bond Confessions Blog

4 in 3 | September 11, 2010

So what does that title mean, eh?

It means in the past three months, I have lost four very solid potential clients. These are clients who hired attorneys, had the resources to pay my fee, and were motivated to show up to court. How did I lose them? The judges.

Lately, more and more often our local judges seem to be invoking a rare used option when setting bail:  The 10% option. The story goes that the judge sets the bail and then tacks on the 10% option and explains it that if the family posts 10% of the bond amount in either cash or property, than the defendant is let free and at the end of their case, the court returns the cash or property.

So yeah, now the courts are muscling into the bond business and cutting the bondsman out. This means that there is no collateral to secure the bond nor is there a motivated party out there keeping watch on the defendant and maintaining control over the situation. Furthermore, the courts get to earn interest on the money posted and that does not get returned to the family. In many cases, if there are penalties, court costs, or any other charges, it gets deducted from the posted amount. Oh and that goes for attorney’s fees too.

It’s damn hard to compete against the government.  I’m still trying to do this for a living, but between that and the general slowness of my current business model (only deal with attorney referrals), I’m keeping my eyes open for other business opportunities.

Who knows, I may have to change the title of this blog!

-bbc

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