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How much money does a bail bondsman earn?

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Answered 2009-08-01 09:12:53

They are genrally not on a salary but make a commission on the business they bring to the company. many are small companies that are essentially owned by the bondsman, who then makes a living on the profit of the bonds, minus expenses (which are numerous and include paying off on those that skip), he manages to write.

There are two types of bail bond agents. One is the professional bonding company and the second are bail agents who work for a surety company. Bail agents can collect as much as 10% in most states. We sign a document guaranteeing the bail or the defendant Once defendant is sentenced the case is considered over. In PA Professional bail agents can only charge 5% and surety agents charge 7%. The surety company allow and agent to work in all counties and states while a professional agent must be licensed in each county. So in PA i am working on getting a surety license even though I am licensed as a professional agent in 5 counties. This will allow me to work state and nationwide. However the extra 2%in PA gets paid to the surety company. The surety company is similar to an insurance company they just insure bails. We get paid when we write bonds and collect our percentages. I have the defendant's family sign documents for collateral purposes I only accept collateral like homes or expensive cars if the bails are small enough. Once I put a lean on a person the bail is then 85% safe as most people will not sign for someone they do not trust and the fear of thinking they may lose their home is enough in 99% of the cases. So a good agent with a good system can make a lot of money but an agent that has a bad system can be broke and working another career fast.

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How much money does a bail bondsman earn in a year?


What is the purpose of bail bondsmen?

When a person has been arrested for a crime, a bail bondsman offers money to the court so that the defendant can remain free until their trial. A bail bondsman will often charge a percentage of the bail. Not all who have been arrested will require bail, as some are deemed too dangerous or too much of a flight risk.

How does a bail bondsman earn money?

In much the same way as an insurance company earns money. A bail bond is basically an insurance contract paid for by an arrested person to get out of jail before trial. The person pays a premium for the bond based on the amount of the bond. If the person shows up for trial, the bondsman keeps the premium. But, if the person skips town the bondsman will have to forfeit the entire amount of the bond to the state of federal government. It works like life insurance only instead of the insurer/bondsman paying the face amount of the policy on the death of the insured, the bondsman pays it on the faiure of the person to show for trial.

How much is the typical salary of a bail bondsman?

"A typical salary of a bail bondsman is about $55,000. They deal with people who are criminals and are bonded out of jail and put back in jail. This is not the type of job that everyone would like to do."

How much of the 10 percent does the bail agent give the bonding company?

There are several types of bail agents or bondsmen as they are commonly called. The most common bondsman works unders a surety (insurance) company. They are licensed insurance agents. The bondsman will pay any where from 10 to 20% of the bail bond premium fee , ( the 10% of the face value of the bail bond), they collect from a client, to their surety company. In other words, the bondsman gets to keep 80 to 90 percent of the bail bond premium fee they collect. The rest goes to the surety company. Another type of bondman is a professional of property bondsman. In this case the bondsman pledges real property with the state of county that they wish to operate in, as collateral to gaurantee that they can pay off any bond they write if the defendant skips bail. This bondsman, keeps the full amount of the bail bond premium fee that he or she collects. The last and least common type of bondsman is one that pledges cash or securities with the state or county they operate in in. Again, this collateral is used to guarantee the ability of the bondsman to pay off a bail bond if the defendant fails to appear and can not be located and returned to court or jail. Since this bondsman is pledging his or her own money, they keep the full amount of the bail bond premium fee collected. The term bondsman is gender neutral. Slightly over half of the bail agents in the U. S. are women.

How much does bail bondsman pay court?

Nothing. the court gets no money from bondsman. At least not here in california. We only pay the court for summary judgments. When the bond is forfeited and we must pay the bond. And usual court fees, but that's it.

How much is the lowest amount is 32000 with bail bondsman?

Usually the defendant must put up at least 10% in cash of the total bail amount. For $32,000 bail that would be $3,200 in cash or possibly some form of collateral.

How much do bail bondsman make a year?

last year i made around 220,000$ doing bailbond/bounty hunter work out of california.

How much money was the bail out plan?

a penny

How much is a Minor in Possession of alcohol ticket in the state of Mississippi?

Well I don't know exactly, i guess it differs. But I had to pay the bail bondsman $125 to get out.

How much do you have to pay if your bond is 5000?

10%. 500$ to get the person out and that should be the only payment, half of that if your going through bail bondsman and payment plan.

How much money did Citibank get in bail out money?

300 billion dollars

Can a bail bondsman revoke a bail bond for not being able to make payments on a balance owed to them I am told the only way they can is to put the full amount of the bond up?

It is unclear exactly what you are asking. When a bailbondsman puts up your bail he is pledging that full amount to the court. Meaning, that either he has that much money in the bank, OR (more commonly) he has access to an account through an independent insurance company and lender which 'lends' him the money to put up for bailbonds. If you have stopped making payment to the bondsman it is possible that he believes that you have become a bad business risk. He DOES have the ability, and the right, to withdraw his bonding of you, which would have the effect of your going back inside.

If a person has a bail amount of 30 thousand dollars and a bond is 10 percent which is 3 thousand dollars how much does the person paying the bond get back if the acussed is found not guilty?

The person paying the bond does not get anything back. The purpose of paying a bond is so you don't have to come up with the full amount of the bail. The 10% that you pay a bondsman it what he earns for guarnteeing you will appear in court. If you don't appear then the bondsman loses the full amount of the bail.

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