It is important to trust your bail bondsman, and ensure you are getting professional service and honest information. Reputation, experience, and credentials are all clues that can better reveal the trustworthiness of a bail bond company. Continue reading to learn what you need to know, once and for all, about discounted bail bonds and bail bond services.
What are Discount Bail Bonds?
Discount bail bonds are a myth! Even though it’s no secret that bail bonds are a price-regulated industry, there are still several people that believe they can purchase bail bonds at a discounted rate. This is because people grasp onto the idea that, even though all bail bond agencies are mandated to charge the same rates, they can eventually find a company that will “make them a deal” or cut them a break in price. Sorry folks, but this is simply not true. Discounting bail bonds and related services is illegal; end of story. No bail bondsman is going to put their livelihood on the line for a stranger that insists on a price-reduction for their services. Believing that discount bail bonds exist is like believing the same about unicorns and fairies!
Deceptive Bail Bonds
If you ever see a bail bond company advertising rates lower than ten percent, they are being deceptive. In the state of Indiana, bail bond companies are permitted to charge anywhere from 10-15% of a person’s total bond amount. For example, if a defendant’s total bond amount is $5,000, a bail bondsman can charge them anywhere between $500 and $750 (non-refundable) for a bail bond. The bail bondsman covers the rest of the bail amount, and receives this money back when the defendant appears for their scheduled court hearing. If the defendant fails to appear, an arrest warrant is issued, and the bail bond company investigates their whereabouts so they do not forfeit the money put up for that person’s bail. Sound familiar?
If you ever come across bail bond advertisements that claim having cheaper bail bond rates and discounted prices, they are not giving you all the information. What they are selling, instead, is a discounted rate for putting money down on a payment plan. No matter what, a person will always pay the full ten to fifteen percent of the total bail amount. Depending on the risk, a bail bond company will charge either closer to ten, or closer to fifteen percent. Keep in mind that any bail bond company attempting to sell, or even advertise, cheaper rates for bail bonds, they are breaking the law and should not be trusted. They can face massive fines, apprehensions, and prosecution for numerous civil and criminal penalties.
Woods Bail Bonds
Call Woods Bail Bonds at 317-876-9600 for more information about bail bonds in Indianapolis, Indiana and its surrounding counties. James Woods, owner and operator, has more than 30 years of experience and provides licensed bail bond services in several Indiana cities and counties. He and his team of highly trained and licensed bail bondsmen are eager to help you or a loved on obtain a safe and secure release from jail. Call 317-876-9600 and speak with a live, friendly bail bondsman in Indianapolis, IN today.