If you are arrested, you are not typically thinking about how the bail bond company that you are going to use is making money; you just want to get out of jail fast. The bail bond company is still a business and they have to make money in order to run and operate. If someone has been arrested they don’t want to sit in jail waiting their turn in the court system to get answers on their accused crime, how long they are going to be in jail and what they have to do to get back out. That is where a bail company comes in. If you get arrested, you are processed at the jail and you see a judge. After they have booked you and you know what the cost of bond is, you are able to start the process to get out. There are some crimes that you are not able to bail out but the majority of them allow it. The cost of bail is dependent on the crime and the state or county that you live. Your local bail bond company will know what it is. In California, an average bail is $20,000. The fee for a bail bond is 10% of the bail with no taxes so for a $20,000 bail, then the fee charged is $2000. If you are unable to round up this much cash to get a loved one out of jail, contact Ajua Bail Bonds for information on our financing options for approved credit!
Bail Bond Companies Make Money when You Show up to Court
When you bail out of jail, you are signing paperwork that says you agree to show up to your court dates that are set by the court system and the judge. Your word is not always enough and that is when you have to pay a percentage of the bail amount to the bond company. As mentioned above, this fee in California is 10%. You typically pay the amount in cash. This money is paid to the bail company and they are now on the hook for the cost of the bail to the court if you fail to appear. The majority of people do not want to get into further trouble so they show up to their assigned court dates and accept the punishment that is set. This is when bail bond companies make money. If you do what you are supposed to do and appear in court, the percentage that you paid to bail out is payment that the bond company keeps. You will not see that money back. The company is taking the chance that each person will show up and if they don’t they are on the hook for the full amount of the bond and not just the amount they were paid.