One of the most profitable way to earn from bonds would be to become a bond recovery agent, otherwise known as a bounty hunter. Just to be clear, these are not the bounty hunters that are killers like in the TV shows. Rather, a bail bondsman la habra would hunt down opportunities wherein he or she can bail out a criminal for a fee.
Now, while most people under this line of work generally belong to the same category, they are usually categorized based on the bonds that they hold per crime. All crimes have their own respective type of bonds and the agents that take these bonds are categorized along with it. Here are some of the specializations to take note of.
The most common type of bond that is offered is known as the general surety bond and is to criminals of pretty much any crime. These are usually issued by the general recovery agents and would be able to bail defendants of crimes whether big or small such as traffic violations up to murder or even embezzlement.
Just to give a general idea of what these people do is that they would give the bail money to the criminal with a contract stating the criminal will be attending trial in court. Now, the agent will produce the full amount of the bond and would also charge a fee for that. This may range from around ten percent to even twenty percent depending on the agent.
Do remember that the catch would be that there has to be a promise of a collateral before receiving the money. Just like in loans, the collateral has to be the same value as the amount needed to get out of prison. If one does not have any collateral to provide, then another alternative would be to ask a co signer like a family member to sign the contract.
There are also what are known as federal bonds and bounty hunters issue these to defendants charged with federal crimes. These are pretty much the same as the general bonds but these bonds usually have some kind of pre trial conditions. These would include a mandatory drug test, house arrest, no business activities in the next few days to court date and so on.
The final type of bond offered by these professionals is the immigration bond which is issued to the people in the immigration detention facility. These bonds, which are provided to illegal immigrants, would usually come with a higher cost because of the higher risk associated. This is because the defendants may not be able to give a collateral or get a co signer.
Basically, these are some of the things that bondsmen do. By reading this alone, one may think that this is a pretty risky profession since one runs the risk of the defendant not appearing in court or meeting the pre trial conditions. However, the good thing about this profession is that only up to five percent is forfeited if this happens while the rest is covered.
Now, while most people under this line of work generally belong to the same category, they are usually categorized based on the bonds that they hold per crime. All crimes have their own respective type of bonds and the agents that take these bonds are categorized along with it. Here are some of the specializations to take note of.
The most common type of bond that is offered is known as the general surety bond and is to criminals of pretty much any crime. These are usually issued by the general recovery agents and would be able to bail defendants of crimes whether big or small such as traffic violations up to murder or even embezzlement.
Just to give a general idea of what these people do is that they would give the bail money to the criminal with a contract stating the criminal will be attending trial in court. Now, the agent will produce the full amount of the bond and would also charge a fee for that. This may range from around ten percent to even twenty percent depending on the agent.
Do remember that the catch would be that there has to be a promise of a collateral before receiving the money. Just like in loans, the collateral has to be the same value as the amount needed to get out of prison. If one does not have any collateral to provide, then another alternative would be to ask a co signer like a family member to sign the contract.
There are also what are known as federal bonds and bounty hunters issue these to defendants charged with federal crimes. These are pretty much the same as the general bonds but these bonds usually have some kind of pre trial conditions. These would include a mandatory drug test, house arrest, no business activities in the next few days to court date and so on.
The final type of bond offered by these professionals is the immigration bond which is issued to the people in the immigration detention facility. These bonds, which are provided to illegal immigrants, would usually come with a higher cost because of the higher risk associated. This is because the defendants may not be able to give a collateral or get a co signer.
Basically, these are some of the things that bondsmen do. By reading this alone, one may think that this is a pretty risky profession since one runs the risk of the defendant not appearing in court or meeting the pre trial conditions. However, the good thing about this profession is that only up to five percent is forfeited if this happens while the rest is covered.
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You can get a detailed list of the things to consider when picking a bail bondsman La Habra area at http://www.justifiedbailbonds.com right now.
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