Bail Bonds CA Information
You can find various resources for bail bonds CA. Many websites offer explanations on the bail bond process and procedures. Other sites will also state the distinction between bail vs bond. However, you may also check with the California Department of Insurance, the governing body who regulates licensed bail agents and the commercial bail bond industry. Frequently answered questions on Yahoo Answers regarding bail bonds or surety bonds may be just what you are looking for. There, you may find various circumstances posted by people just like you. Then again, you may contact our office any time of day and a professional bail bondsman will be more than happy to answer your questions or concerns.
Bail Bonds CA Rates
For decades, the going rate for a bail bonds CA was 10% of the total bail amount. For example, an individual would pay a $1,000.00 premium for a $10,000.00 bail bond to bailout someone. However, in the early 90’s, several surety companies filed for a lesser rate of 8% with the State of California. Individuals who met a certain underwriting criteria could now get a bail bond for a discounted price. Unfortunately, this opened the flood gates to rebating and rate cutting by many bail companies, just to write the business. Currently, there is a grey area regarding bail bonds CA rates and “rebating”. I have personally asked several people at the California Department of Insurance regarding these issues and I get a different answer from all of them!
Beware of Bail Bonds CA
The issues and problems don’t stop with the aforementioned. Head over to the Orange County Jail any time of day and you will see unlicensed individuals soliciting family member and friends of inmates. These people are placed here by several bail agencies to hustle and hassle individuals for a bail bond, completely an illegal act. Unfortunately, the State of California nor the County of Orange are doing anything about it. I have witnessed several arguments to almost blown out fist fights when posting bail for one of our client’s! These unethical companies are running a mill, making promises and then using the old “bait-n-switch” routine. If something sounds too good to be true, it probably is.
A legitimate bail bond company will verify arrest records and court records before entering into an agreement with the co-signer. The risk must be analyzed carefully for the best interests of the company and co-signer. Unfortunately, emotions run high in circumstances of an arrest and people make hasty decisions without thinking clearly. This is the trap many people fall pray to and regret it afterwards. Bail bonds CA businesses are required to explain the bail documentation and risks involved. Please review all items carefully and get a second opinion if necessary, an hours time of research can make the difference between a good and bad experience.