Home » Law » How Bail Bond Agencies Work

There is no denying that bail bonding is a successful and booming business. Even if you check the news for one day, you will see a huge number of people who are arrested for some criminal behavior or activity. Court hearings are not scheduled for the very next day because there are other trials going on, which means it can take weeks or even months. Does this mean that the person has to stay in jail all this time? No, criminal defendants have the option of getting out on bail and this is where bail bond agencies come in. These are companies that work like lenders and deal with payments needed for getting people out of jail.

Bail bond agencies are taking a huge risk and they can also go bankrupt if the defendant doesn’t show up in court at the time of their hearing. There are different bail bond agencies working these days and you can check out 247vipbailbonds.com if you are in need of their services. Let’s take a close look at how these work:

Function

The courts decides the amount of bail and bail bonds are paid to them thereby allowing a suspect to return to their life until it is time for their court hearing or trial. There are situations where the suspect is unable to pay for his bail from his personal finances or that of his friends or family. This is when the bail bond agency will post their bail for a fee. The bond agency has to pay the court in case the suspect skips out and this is the risk involved.

Types

There are three main types of bonds issued by a judge that a bond agency can deal with. The most effective are the cash bonds that require upfront payment and entice the suspect to show up for the hearing. Surety bonds are the ones in which the agencies guarantee payment if the defendant flees. Property bonds are similar to these, but an actual lien is put on the property by the court.

Process

Unless the suspect is released by the court because there is no threat to public safety or flight risk, friends or family contact a bail bond agency for the accused. The bondsman will as for the defendant’s profile, which includes their police record, employment and other personal details to assess their chances of fleeing. If they thin its feasible, they will agree to post the bail bond in case they do flee and pay the bond to the courthouse.

Effects

If the defendant doesn’t appear before the judge, they are considered as a fugitive in the eyes of the law. The bail bonding agency will either pay the court for the bond amount or hunt the suspect down. A security fund is provided to bond agents for such situations because it is required by the insurance company of the bail bondsman. Most of the risk of the bond is taken on by the bondsman because the insurance company will only pay if the bond cannot be covered.

A bail bond agency may also use the services of a bounty hunter if the suspect flees.