5 ms·
The fee or 'premium' for most bonds in various jurisdictions in the USA is typically between 10% to 15% of the bond value. His while his fee of $9,500 is slight
by benjohnson 7y ago
The fee or 'premium' for most bonds in various jurisdictions in the USA is typically between 10% to 15% of the bond value. His while his fee of $9,500 is slightly higher than most, it's not a surprise.
- dbancajas 7y agowow. how can I be one? seems very lucrative.
- vonmoltke 7y agoIt's lucrative as long as your clients actually show up to court. If they don't, you (or someone you hire) is running around trying to drag their ass in so you get your money back from the court.
- tastyfreeze 7y agoWhich lets you play out your man hunt fantasy. Sounds like a win-win.
- dbancajas 7y agotime for some data mining then. but that 10% return is probably 5% for 50% good behavior of criminals?
- Consultant32452 7y agoNo. Let's use the $50k bail example. If the guy returns, you are up 19%. If he disappears you're -100%. It will take you 5 more good behaviors just to get back to zero. So you need less than 1/6 fleeing to make any profit at all.
- vonmoltke 7y agoYour numbers are off, though your point still remains. If the client jumps bond you lose $50k, but you got $9.5k from it for a net of -$40.5k or an 81% loss. It would thus take ~4 good bonds to cancel that one out.
- Consultant32452 7y agoGood catch
- mikestew 7y agoIt's probably easier to become a bail bondsman, all effort considered, than to become a developer. Now ask yourself why everyone's not doing it. I'll start you out: your profit hinges on the behavior of alleged (or plain ol' "known") criminals.
- rwmurrayVT 7y agoYou need a massive bank roll and licensing.
- FireBeyond 7y agoKinda, on the first point. Many courts/states have different rules for bondsmen than they do for us, where the bondsman is only required to put up a fraction of the amount that you or I would have to put up for our own bond.