This video will show you how bail bond companies make a profit from their business. They are state regulated to help individuals facing criminal charges stay out of jail as they await trial. They pay bail on behalf of the individual who cannot afford it at the time as surety that the individual will appear in court. A bail bond company makes a profit through premiums.
It charges between ten to fifteen percent premium on the bail amount.
You will pay two hundred and five dollars above a bond of four thousand dollars. The premium depends on how risky they consider the client, the charges, and the state. It is often friendly for first-time offenders. This is good money if they serve several clients. Most of them also require the signing of collateral. They will retain your car that was signed off as collateral if you violate bail terms. Finally, they also have the power to arrest you and take you back to jail if you skip bail and they pay the entire sum.
