The bail Bond industry has evolved over the past 2 years. Bail Bond reform has been in the local and national news a lot lately. Bail Reform is a law with good intentions that has turned out to be detrimental to bail bonding companies across the USA.
Being a bail bond agent in these days and time is challenging indeed. In past years the bail bond industry was strong and very profitable for bail bond companies everywhere. However,after bail reform this has changed drastically.
A Bail Bonding service is licensed by the state it does business in. Texas bondsmen are complaining that the business numbers have dropped drastically. Cutting into the profits they had become accustomed to over many years of being in business.
What is Next for the Bail Bond Industry?
We simply do not know. It is too soon to tell; bond service owners must wait to see the outcome of this powerful law that is sweeping our nation.
Layoffs may be on the horizon for many bail bond company employees. Many trained staffers who have been in the industry for decades. Loyal to their trade.
What is a Bail Bond?
A Bail Bond is money that the defendant pays to a bail bonding company to gain freedom from jail.
The accused pledges to conform to the courts rules and pledges to show up to court and not to flea justice. The bail bondsman undertakes a lot of risk if the defendant jumps bail. Jumping bail is when the defendant drops out of sight,fleeing from what could end up being a lengthy prison sentence to serve out.
How to Find a Bail Bondsman?
A good place to start is your local listings online. You may also ask friends and family to recommend a good and trusted bail bond company. Look for online reviews to see how satisfied their customers have been with the company’s service to them. This will tell you a lot about what to expect in customer service.
The Bail Bond industry is indeed a complicated industry considering all of the laws and rules involved when dealing with the court system.