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Link Posted: 2/12/2017 8:50:06 PM EDT
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Originally Posted By mucknuggle:
Doesn't Michigan allow you to post 10% cash without a bond?
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Originally Posted By mucknuggle:
Originally Posted By 20229mm:

Both.  if I can I do it myself, but if the situation requires me to hand it off to the cops I do it.  No quicker way to piss of the Local cops than make them do your work.  they also happen to be the ones that refer clients to bonds companies, so we try to keep them happy

Metro Detroit.
75% AA 25% white.   0.000001% Asian
Doesn't Michigan allow you to post 10% cash without a bond?

On some bonds they have a ten percent.  So if you had a 100k ten percent you could get them out for 10k.  Or we write it for a quarter. That 10k ten percent becomes a 25k surety bond. Family only needs $2,500.
Ten percent bonds are one of the ways that the bail business is under fire.
Link Posted: 2/12/2017 8:51:19 PM EDT
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Originally Posted By Recusance:
Why do so many bail companies fail to pay their agents the money that is owed to them?

Every bail agent I know is usually weeks to months waiting to be paid for collars they have made.
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Because they are dirt bags. We pay that day or the next. It takes five seconds to cut a check, but a lifetime to regain a resource (the fugitive recovery guy).
Link Posted: 2/12/2017 8:55:53 PM EDT
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Originally Posted By StevenH:
How bad do you and the defendant have to mess up to actually lose the money to the court?

Im familiar with a local case of a felon that got arrested for fighting with the cops. He bailed out ($20K). Skipped court, went to warrant, got popped for dope and bailed out again $100K. Skipped court got arrested on a stolen motorcycle, bailed out again $100K. Skipped court again and got caught in a stolen car, bailed out again  $100K. Got caught with a stolen gun in a stolen car in another county. Stayed in custody that time. Got 2-years state prison, finally. whole process took about two years.

Did the bail bondsman really lose $320,000.00 on him?
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Not likely. I have between 31-65 days to make the defendant appear. Then I have to cut a check to the court. If the defendant is caught within a year I can get my money back, minus expenses for the county (very low and very rare)
That guys a winner and the definition of "shitty bail"
Link Posted: 2/12/2017 8:58:36 PM EDT
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Originally Posted By 02NBMFormula:
Do you guys act as the bond company or are you an agent for a variety of bond company's?  If you guys are the ultimate financial backer, how much in surplus/capital does the state require for you to operate?  If you represent bond companies, what responsibility do you have financially when a bond goes into claim? Whats the commission?  Why not subcontract out the bounty work?
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We are agents of a larger company. Our surety company gives us our underwriting requirements. We are the first party responsible for a bond. If we can't pay (out of business ) the surety pays. If it ever came to that the county would shut us down and not allow any more bonds from us.
My commission is not anyone else's business
We save money by doing the recovery work ourselves, if we contracted it out we would have to pay them for it.
Link Posted: 2/12/2017 8:59:11 PM EDT
Originally Posted By WTF54:
I work on a warrant task force for the local Sheriff's Department, you're welcome.
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You rock. Thanks for what you do.
Link Posted: 2/12/2017 9:03:05 PM EDT
I'm in Ohio and I went to county to bail out a friend who had a $10k bond.

I brought $10k, because I am a n00b.

The county officer said I needed a grand to get him out, cash or credit card with a 3% fee.

I paid the grand, got a receipt, and when his case got dismissed a few months later, I got a check for something like $920, because they took a fee out for something.

I asked the officer multiple times if I was responsible for his whereabouts and/or the other $9k if he skipped. He said no to both.

Was he full of shit?

and

It sounds like bail doesn't work this way in Michigan (or at least Detroit), correct?
Link Posted: 2/12/2017 9:19:27 PM EDT
Great thread. Much better than the usual BS.


Question : Why can't you go after them in Kentucky?
Link Posted: 2/12/2017 9:28:59 PM EDT
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Originally Posted By Maverick17:
I'm in Ohio and I went to county to bail out a friend who had a $10k bond.

I brought $10k, because I am a n00b.

The county officer said I needed a grand to get him out, cash or credit card with a 3% fee.

I paid the grand, got a receipt, and when his case got dismissed a few months later, I got a check for something like $920, because they took a fee out for something.

I asked the officer multiple times if I was responsible for his whereabouts and/or the other $9k if he skipped. He said no to both.

Was he full of shit?

and

It sounds like bail doesn't work this way in Michigan (or at least Detroit), correct?
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nope  you posted what we call a 10% bond here.  If you went to a bondsman it would run you 250.
Link Posted: 2/12/2017 9:38:00 PM EDT
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Originally Posted By GeorgiaBII:
Great thread. Much better than the usual BS.


Question : Why can't you go after them in Kentucky?
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http://www.lrc.ky.gov/Statutes/statute.aspx?id=19246
its a misdemeanor for me to do it.
Link Posted: 2/12/2017 9:39:04 PM EDT
What kind of people get into this business and are successful, vs the kind that get into it and are not successful?
Link Posted: 2/12/2017 9:43:45 PM EDT
Have you ever had a hot chick in your clutches and wanted to trade freedom for sex?
Link Posted: 2/12/2017 9:47:56 PM EDT
Thanks for an interesting thread.
Link Posted: 2/12/2017 9:52:14 PM EDT
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Originally Posted By Mopseydocks6014:
We have 2 guys out here.  One is great.  The other is only in it for the money and makes the cops to all of his work.  He's also a convicted felon.
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About the same. We have one guy who comes through our jail and does like 95% of the bonds who is pretty squared away.

The other 5% is a rather motley crew.
Link Posted: 2/12/2017 9:52:30 PM EDT
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Originally Posted By CouncilOfDave:
What kind of people get into this business and are successful, vs the kind that get into it and are not successful?
View Quote

it is really the same as in life.  If you have that hustle bone you will do just fine.  You get a call at 11 at night? Go do it, don't wait till the morning, someone else (me) will snatch it up.  
Also the people that fail to see long term will fail.  $5k in your pocket today sounds good, but the $50k check hurts to write and will ruin your day.  
You also need to read people, unfortunately over the phone (no facial expressions)  If you catch the lying you can use it to ensure they tell the truth for the rest of the conversation (or at least hope)  
"what is he in jail for" I ask
"I don't know" says johnny felon's GF.
"He called you and told you he was in jail and you didn't ask what he was in there for? I call bullshit, I can't do anything until we find out what it is for." I say matter of factly.
"well he was caught driving n a suspended and I know he carries a gun." she finally spits out.
"See how easy it is to tell me the truth, now we can continue."
They typically won't lie the rest of the phone call.
(this conversation happens at least 5 times a day.)
Link Posted: 2/12/2017 9:53:24 PM EDT
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Originally Posted By 20229mm:

We are agents of a larger company. Our surety company gives us our underwriting requirements. We are the first party responsible for a bond. If we can't pay (out of business ) the surety pays. If it ever came to that the county would shut us down and not allow any more bonds from us.
My commission is not anyone else's business
We save money by doing the recovery work ourselves, if we contracted it out we would have to pay them for it.
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What are the underwriting requirements?  Credit score threshold?? multiple of assets? Do you personally indemnify the surety or does only the company?  Whats your loss ratio? Regarding the commission, can you give an industry range?  

I am in construction bonding and was always curious about your type of bonding.
Link Posted: 2/12/2017 9:54:25 PM EDT
[Last Edit: 2/12/2017 9:57:42 PM EDT by frankie2times]
Is this you?







https://goo.gl/images/7p0EwqYou!
Link Posted: 2/12/2017 9:58:11 PM EDT
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Originally Posted By TylerF:

About the same. We have one guy who comes through our jail and does like 95% of the bonds who is pretty squared away.

The other 5% is a rather motley crew.
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Originally Posted By TylerF:
Originally Posted By Mopseydocks6014:
We have 2 guys out here.  One is great.  The other is only in it for the money and makes the cops to all of his work.  He's also a convicted felon.

About the same. We have one guy who comes through our jail and does like 95% of the bonds who is pretty squared away.

The other 5% is a rather motley crew.

Yup.  Once you get in good with the guys in the jail you can figure out how they like business done and make it easier for everyone.  And if you don't rip off the clients you can typically get referrals from the deps.  
We have one county in BFE that has no bonds companies that are in the county (not really enough to support them) Most of the companies charge an extra 2-300 to go out there.  We ask for 80.  as a result the deputies give out our name. I have a fuel efficient car that I take out there.  But i'm dead if i hit a deer or a cow.
Link Posted: 2/12/2017 10:02:40 PM EDT
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Originally Posted By 20229mm:

say you get arrested the judge (or the cops) set your bond.  for the sake of discussion lets say $10K (nice round number)  Your loved ones can take $10k to the jail (more likely the court, deputies don't like holding that much) and get you out with the understanding that that money will be returned as long as you make your court dates.  Most people don't have 10k chilling around at home so they call me.  i charge the $1000 and give the jail a POA (basically and IOU) saying that I will cut the courts a check for 10k if my client doesn't show up for court.  As long as johnny felon goes to court, his family will not owe me another penny.  if he misses they are liable for the full amount ($10,000) and any expenses to get him into the jail.  If we get him back in the jail, they are liable for expenses incurred to get him in the jail (in this case we charge a minimum of $1000)  

Once he misses court the judge sends us a forfeiture notice (our warrant if you would) and we have 35-65 days to make him appear.  Then we have to cut a check.  
We can enter the inmates house and the cosigners house, with or without their permission.
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So lets say you dont get the guy. You pay the court 10k. How do you get the 10k out of the family? Civil court if they refuse to pay?
Link Posted: 2/12/2017 10:04:56 PM EDT
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Originally Posted By 02NBMFormula:


What are the underwriting requirements?  Credit score threshold?? multiple of assets? Do you personally indemnify the surety or does only the company?  Whats your loss ratio? Regarding the commission, can you give an industry range?  

I am in construction bonding and was always curious about your type of bonding.
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The people that sign the bond are the indemnitors.  It really depends on the bond amount and charge.  $500 bond?  Got a pulse and live in the area?  500K bond? I will likely need a whole neighborhood of houses.  10k bond?  a signer or two.  You kinda get as much of the story as you can from the family and go from there.  No real set in stone requirements, more flexibility.
Link Posted: 2/12/2017 10:11:55 PM EDT
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Originally Posted By 20229mm:

Yup.  Once you get in good with the guys in the jail you can figure out how they like business done and make it easier for everyone.  And if you don't rip off the clients you can typically get referrals from the deps.  
We have one county in BFE that has no bonds companies that are in the county (not really enough to support them) Most of the companies charge an extra 2-300 to go out there.  We ask for 80.  as a result the deputies give out our name. I have a fuel efficient car that I take out there.  But i'm dead if i hit a deer or a cow.
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You're not wrong.

We have a book with a list of all bonding agencies and agents that we'll accept in my county

We only keep the business cards of just a couple of those guys at our booking desk.
Link Posted: 2/12/2017 10:14:21 PM EDT
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Originally Posted By RogueSpear2023:


So lets say you dont get the guy. You pay the court 10k. How do you get the 10k out of the family? Civil court if they refuse to pay?
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Civil Court.  We can garnish taxes and wages.  We also get POA over their belongings.  We can walk in their house and take the TV off the wall and sell it, drive off with the keys and sell it.
Link Posted: 2/12/2017 10:24:10 PM EDT
Why are these 10% bonds not good for the common man (or criminal for that matter)?
Link Posted: 2/12/2017 11:23:38 PM EDT
Interesting thread.

How did you find your way into this business?  Did you know someone? Previous mil or leo?
Link Posted: 2/12/2017 11:30:43 PM EDT
Originally Posted By 20229mm:
I have the phones for the business today. Ask away.
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How is bussnes?

Been slow for us last month or so

What state are you in?
Link Posted: 2/13/2017 12:07:35 AM EDT
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Originally Posted By 20229mm:

it is really the same as in life.  If you have that hustle bone you will do just fine.  You get a call at 11 at night? Go do it, don't wait till the morning, someone else (me) will snatch it up.  
Also the people that fail to see long term will fail.  $5k in your pocket today sounds good, but the $50k check hurts to write and will ruin your day.  
You also need to read people, unfortunately over the phone (no facial expressions)  If you catch the lying you can use it to ensure they tell the truth for the rest of the conversation (or at least hope)  
"what is he in jail for" I ask
"I don't know" says johnny felon's GF.
"He called you and told you he was in jail and you didn't ask what he was in there for? I call bullshit, I can't do anything until we find out what it is for." I say matter of factly.
"well he was caught driving n a suspended and I know he carries a gun." she finally spits out.
"See how easy it is to tell me the truth, now we can continue."
They typically won't lie the rest of the phone call.
(this conversation happens at least 5 times a day.)
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Originally Posted By 20229mm:
Originally Posted By CouncilOfDave:
What kind of people get into this business and are successful, vs the kind that get into it and are not successful?

it is really the same as in life.  If you have that hustle bone you will do just fine.  You get a call at 11 at night? Go do it, don't wait till the morning, someone else (me) will snatch it up.  
Also the people that fail to see long term will fail.  $5k in your pocket today sounds good, but the $50k check hurts to write and will ruin your day.  
You also need to read people, unfortunately over the phone (no facial expressions)  If you catch the lying you can use it to ensure they tell the truth for the rest of the conversation (or at least hope)  
"what is he in jail for" I ask
"I don't know" says johnny felon's GF.
"He called you and told you he was in jail and you didn't ask what he was in there for? I call bullshit, I can't do anything until we find out what it is for." I say matter of factly.
"well he was caught driving n a suspended and I know he carries a gun." she finally spits out.
"See how easy it is to tell me the truth, now we can continue."
They typically won't lie the rest of the phone call.
(this conversation happens at least 5 times a day.)
I see. I work near the jail, so there are a lot of bail bonds places within eyesight all day. This thread is interesting since I've never worked on that end, only on the lockup side. Good thread. 
Link Posted: 2/13/2017 12:25:01 AM EDT
I learned more in this thread than 54 weeks of browsing on Instagram.
Link Posted: 2/13/2017 2:12:36 AM EDT
Good night guys.  I will reply back in the morning.  I'm out.
Link Posted: 2/13/2017 10:22:59 AM EDT
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Originally Posted By 20229mm:

Both.  if I can I do it myself, but if the situation requires me to hand it off to the cops I do it.  No quicker way to piss of the Local cops than make them do your work.  they also happen to be the ones that refer clients to bonds companies, so we try to keep them happy

Metro Detroit.
75% AA 25% white.   0.000001% Asian
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Originally Posted By 20229mm:
Originally Posted By AJE:
Do you arrest your own wanted persons or do you try to have law enforcement do it?

Both.  if I can I do it myself, but if the situation requires me to hand it off to the cops I do it.  No quicker way to piss of the Local cops than make them do your work.  they also happen to be the ones that refer clients to bonds companies, so we try to keep them happy
Originally Posted By Panhandle:
what part of the country are you in?

what's the racial breakdown of your customer base?

Metro Detroit.
75% AA 25% white.   0.000001% Asian
What are a couple of examples of when you have to hand it off to the LEO's?


any good stories to share?
Link Posted: 2/13/2017 11:16:48 AM EDT
[Last Edit: 2/13/2017 11:17:29 AM EDT by 20229mm]
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Originally Posted By Diesel_Maximus_2992:
What are a couple of examples of when you have to hand it off to the LEO's?
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Originally Posted By Diesel_Maximus_2992:
Originally Posted By 20229mm:
Originally Posted By AJE:
Do you arrest your own wanted persons or do you try to have law enforcement do it?

Both.  if I can I do it myself, but if the situation requires me to hand it off to the cops I do it.  No quicker way to piss of the Local cops than make them do your work.  they also happen to be the ones that refer clients to bonds companies, so we try to keep them happy
Originally Posted By Panhandle:
what part of the country are you in?

what's the racial breakdown of your customer base?

Metro Detroit.
75% AA 25% white.   0.000001% Asian
What are a couple of examples of when you have to hand it off to the LEO's?

If we are on the other end of the county and we get a tip that he is there.   If we see them in a vehicle (we can't pull them over, we'll gladly take them once the cop stops them)
Stuff like that.


any good stories to share?
Link Posted: 2/13/2017 11:18:51 AM EDT
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Originally Posted By combatcanin08:


How is bussnes?

Been slow for us last month or so

What state are you in?
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Originally Posted By combatcanin08:
Originally Posted By 20229mm:
I have the phones for the business today. Ask away.


How is bussnes?

Been slow for us last month or so

What state are you in?

It ain't bad. Did 5 yesterday.  Could have had six, but the family was... difficult.
I'm in metro Detroit. Michigan.
Link Posted: 2/13/2017 11:21:58 AM EDT
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Originally Posted By Maverick17:
Why are these 10% bonds not good for the common man (or criminal for that matter)?
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Originally Posted By Maverick17:
Why are these 10% bonds not good for the common man (or criminal for that matter)?

If the person skips, who has the incentive to arrest he person?  The family that posted the bond has no right to do it (kidnapping) and they wouldn't get the money back anyway.

10% is a way for the courts to collect money and for leftists to put bondsman out of business. Plain and simple.

Originally Posted By AeroEngineer:
Interesting thread.

How did you find your way into this business?  Did you know someone? Previous mil or leo?

I was in a completely different industry (education) my friend was getting into the business and I have been working for his company ever since.
Link Posted: 2/13/2017 11:42:40 AM EDT
What aspect of the job sucks?

What type of person would enjoy this work?
Link Posted: 2/13/2017 11:48:04 AM EDT
Are you in hazel park? How does castle doctrine law apply to what you do? If you think johnny felon is at a buddies house will you go in? Would the buddy be in deep shit if he fired on you thinking you are a home invader? Just curious, ive always wanted to be a bail bonds/ bounty hunter.
Link Posted: 2/13/2017 11:54:44 AM EDT
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Originally Posted By 20229mm:

It ain't bad. Did 5 yesterday.  Could have had six, but the family was... difficult.
I'm in metro Detroit. Michigan.
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My brother is a bail bondsman.  Has his own business he built from the ground up.  He keeps bonding these drug dealers that are coming down from detroit to the rural areas.  I told him, what are you going to do when one skips on you and heads to the ghetto in detroit? Go roll in there and grab him?  Sure enough, that just happened.  Fortunately, the cops up there got him and he's sitting in jail waiting for him.  But usually, they seem to be pretty good clients.  Always have extra mercedes, etc., to let him hold onto until the bond is released.
Link Posted: 2/13/2017 12:20:25 PM EDT
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Originally Posted By mspo1019:
Are you in hazel park? How does castle doctrine law apply to what you do? If you think johnny felon is at a buddies house will you go in? Would the buddy be in deep shit if he fired on you thinking you are a home invader? Just curious, ive always wanted to be a bail bonds/ bounty hunter.
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It's funny. It hasn't really been handled in the courts too much. But if a bondsman comes into your home with the intent to arrest party A and you fire on him, was he really there to do you severe bodily harm?  Especially if we announce our intentions as we enter the door.

As for the B&E charge...  yeah. It could happen if the prosecutor has a bug up his ass. But we could also ask for harboring charges (not that they would stick).
Best bet is to sit on the house and wait till he comes outside.
Link Posted: 2/13/2017 12:22:31 PM EDT
[Last Edit: 2/13/2017 12:33:04 PM EDT by 20229mm]
Originally Posted By simple06:
What aspect of the job sucks?

What type of person would enjoy this work?
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The biggest headache is dealing with ghetto people. It is rare that my clients speak proper English. It makes it difficult at times.  Plus their general lack of common courtesy.
"Hey I'm gonna call a man about a financial transaction, let's turn the TV to eleven."

Or the famous "yeah I'm on the way". I almost always get here gen minutes late. I almost always beat the clients to the jail.

The people that would like this job would be people that want to help people or of a tough spot. Also you have to not give a shit about making the world a better place.  I've gotten out some complete scumbags and felt bad about it. But I got paid, so I got that working out for me.
Link Posted: 2/13/2017 12:44:56 PM EDT
What's your ratio black client to non-black client bonds?
Link Posted: 2/13/2017 12:52:34 PM EDT
Why?

A.W.D.
Link Posted: 2/13/2017 1:15:25 PM EDT
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Originally Posted By Wiz-of-Awd:
Why?

A.W.D.
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$$$
Link Posted: 2/14/2017 9:55:19 AM EDT
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Originally Posted By 20229mm:


The biggest headache is dealing with ghetto people. It is rare that my clients speak proper English. It makes it difficult at times.  Plus their general lack of common courtesy.
"Hey I'm gonna call a man about a financial transaction, let's turn the TV to eleven."

Or the famous "yeah I'm on the way". I almost always get here gen minutes late. I almost always beat the clients to the jail.

The people that would like this job would be people that want to help people or of a tough spot. Also you have to not give a shit about making the world a better place.  I've gotten out some complete scumbags and felt bad about it. But I got paid, so I got that working out for me.
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Which is nice.

I have a good friend that owns a bond biz.  When we're out at dinner and his phone rings, it goes like this from my side…….

Ring ring… yeah…. uh huh…. got a job?… click.  Never heard it go beyond that.

Last time we we were out at dinner he was telling us about the tow truck he just picked up for collateral.  He said it broke down at 29 and Soscol.  Sure as shit, that truck was sitting in the breakdown lane as we passed it on the way back to the hotel.  Got a newer, running truck the next day. Fucker has more boats, trucks, cars and GSDs than anyone I know.  Great business, but I couldn't do it.
Link Posted: 2/14/2017 10:11:47 AM EDT
I worked in jail for 3 years and never learned anything about bails or bonds or the process before.

This thread answered a lot of questions I had about it.

Op is a better man than me
Link Posted: 2/14/2017 10:38:18 AM EDT
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Originally Posted By 20229mm:

Metro Detroit.
75% AA 25% white.   0.000001% Asian
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Originally Posted By 20229mm:
Originally Posted By Panhandle:
what part of the country are you in?

what's the racial breakdown of your customer base?

Metro Detroit.
75% AA 25% white.   0.000001% Asian

Hey, I'm in Warren. Got any good recommendations for a bail bond company if I need one?
Link Posted: 2/14/2017 11:31:44 AM EDT
Do you pay your CI's if they find someone that fails to show up?
Link Posted: 2/14/2017 1:06:22 PM EDT
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Originally Posted By TheJudgeHolden:



Is that a serious fucking question? Do you think most dirtbags HAVE 10k around to give to the court? Or their families? Most people combined with family can scratch together $1000. But 10K? 25K? 50K? People who can self finance bail, do so. People who can't either sit in jail, or pay a non refundable fee to the BBA. Simple as that.
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Originally Posted By TheJudgeHolden:
Originally Posted By Justa_TXguy:
So grandma puts up her house and Johnny Felon skips.

What is the process of evicting grandma, selling the house, and all that?  Have you done it or seen it done?

Final question:  Why the fuck do people pay you?  A bond is like 10K.  I am losing 1K if I pay you.  I am losing $0 if I let the court hold my 10K.  Seems dumb to pay you.



Is that a serious fucking question? Do you think most dirtbags HAVE 10k around to give to the court? Or their families? Most people combined with family can scratch together $1000. But 10K? 25K? 50K? People who can self finance bail, do so. People who can't either sit in jail, or pay a non refundable fee to the BBA. Simple as that.



Not only that but if you let the court hold your $10K so you can save $1k in bondsman's fees, you won't have anyone actively looking to find your buddy or family member or employee who just fugitized after buying a bus ticket for parts unknown.  How you gonna get the time off to find him?  Where are you gonna start?  Do you have a nationwide network of quiet professionals ready to go to work for you when you need them to?   Do you have the proper training and equipment to transport someone who does NOT want to return with you across the country?  (Yes, there are professional recovery agents out there and they don't all look and act like the Cheeseball Bounty hunter.)  If you said 'no' to any of these questions, then kiss the $10k you left with the court goodbye...all because you cheaped out trying to save a thousand bucks.  Way to go.  Real shrewd move, Daddy Warbucks.

We don't just write the bond & disappear.  We have a vested interest in making sure the defendant goes to every court appearance, as required.  We are directly accountable to the court for the full amount of each and every bond we write.  If we don't have a qualified co-signer, if we didn't collect sufficient collateral, if we can't find the defendant ourselves or pay a team to find 'em, and if we don't have the money to pay the forfeited amount of the bond out of our own pocket...then and only then will the insurance company I write for, pay the forfeiture to the court.  

And that money will come out of the build up fund (B.U.F.) I've paid into along with the premium I've paid to the insurance company for the privilege of writing for them.  Don't misunderstand, I'm ok with paying a premium to the insurance company.  But the B.U.F. is also for my retirement, if there's any left at the end of my career.  It stings knowing a bad bond could get paid out of my retirement funds, so my incentive to write good business is strong.  My loss ratios, compared to the total dollar volume of bonds I write every year has always been 1% or less.  I've seen dozens of people come and go through this business over the years.  I start year 20 in this biz in April of this year.  

The temptation for greed and corruption in this biz is huge because it is mostly a cash business.  If one is not thoroughly grounded with good values and ethics, this biz will give you all the rope you need to hang yourself.
Link Posted: 2/14/2017 1:20:09 PM EDT
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Originally Posted By bailagent100:



Not only that but if you let the court hold your $10K so you can save $1k in bondsman's fees, you won't have anyone actively looking to find your buddy or family member or employee who just fugitized after buying a bus ticket for parts unknown.  How you gonna get the time off to find him?  Where are you gonna start?  Do you have a nationwide network of quiet professionals ready to go to work for you when you need them to?   Do you have the proper training and equipment to transport someone who does NOT want to return with you across the country?  (Yes, there are professional recovery agents out there and they don't all look and act like the Cheeseball Bounty hunter.)  If you said 'no' to any of these questions, then kiss the $10k you left with the court goodbye...all because you cheaped out trying to save a thousand bucks.  Way to go.  Real shrewd move, Daddy Warbucks.

We don't just write the bond & disappear.  We have a vested interest in making sure the defendant goes to every court appearance, as required.  We are directly accountable to the court for the full amount of each and every bond we write.  If we don't have a qualified co-signer, if we didn't collect sufficient collateral, if we can't find the defendant ourselves or pay a team to find 'em, and if we don't have the money to pay the forfeited amount of the bond out of our own pocket...then and only then will the insurance company I write for, pay the forfeiture to the court.  

And that money will come out of the build up fund (B.U.F.) I've paid into along with the premium I've paid to the insurance company for the privilege of writing for them.  Don't misunderstand, I'm ok with paying a premium to the insurance company.  But the B.U.F. is also for my retirement, if there's any left at the end of my career.  It stings knowing a bad bond could get paid out of my retirement funds, so my incentive to write good business is strong.  My loss ratios, compared to the total dollar volume of bonds I write every year has always been 1% or less.  I've seen dozens of people come and go through this business over the years.  I start year 20 in this biz in April of this year.  

The temptation for greed and corruption in this biz is huge because it is mostly a cash business.  If one is not thoroughly grounded with good values and ethics, this biz will give you all the rope you need to hang yourself.
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Originally Posted By bailagent100:



Not only that but if you let the court hold your $10K so you can save $1k in bondsman's fees, you won't have anyone actively looking to find your buddy or family member or employee who just fugitized after buying a bus ticket for parts unknown.  How you gonna get the time off to find him?  Where are you gonna start?  Do you have a nationwide network of quiet professionals ready to go to work for you when you need them to?   Do you have the proper training and equipment to transport someone who does NOT want to return with you across the country?  (Yes, there are professional recovery agents out there and they don't all look and act like the Cheeseball Bounty hunter.)  If you said 'no' to any of these questions, then kiss the $10k you left with the court goodbye...all because you cheaped out trying to save a thousand bucks.  Way to go.  Real shrewd move, Daddy Warbucks.

We don't just write the bond & disappear.  We have a vested interest in making sure the defendant goes to every court appearance, as required.  We are directly accountable to the court for the full amount of each and every bond we write.  If we don't have a qualified co-signer, if we didn't collect sufficient collateral, if we can't find the defendant ourselves or pay a team to find 'em, and if we don't have the money to pay the forfeited amount of the bond out of our own pocket...then and only then will the insurance company I write for, pay the forfeiture to the court.  

And that money will come out of the build up fund (B.U.F.) I've paid into along with the premium I've paid to the insurance company for the privilege of writing for them.  Don't misunderstand, I'm ok with paying a premium to the insurance company.  But the B.U.F. is also for my retirement, if there's any left at the end of my career.  It stings knowing a bad bond could get paid out of my retirement funds, so my incentive to write good business is strong.  My loss ratios, compared to the total dollar volume of bonds I write every year has always been 1% or less.  I've seen dozens of people come and go through this business over the years.  I start year 20 in this biz in April of this year.  

The temptation for greed and corruption in this biz is huge because it is mostly a cash business.  If one is not thoroughly grounded with good values and ethics, this biz will give you all the rope you need to hang yourself.

What he said.

Originally Posted By phlat:
Do you pay your CI's if they find someone that fails to show up?

We take very good care of our CIs. Many companies just screw them and the bounty hunters over.  Not us. We are a lil more reputable than some.
Link Posted: 2/14/2017 3:25:38 PM EDT
Is this you OP?



http://www.grumpysbailbonds.com



Friend of a friend of a friend.
Big laugh when some DWI idiot thinks she is the one coming to pick them up out of jail!
Must work, #1 BB in Nashville metro
http://www.murfreesboropost.com/remarkable-rutherford-woman-everyone-knows-grumpy---or-leah-hulan-cms-43612


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