Bail Bond Services That Profit From Unfair Practices

Posted by on Aug 21, 2020

Bail bond services have been around for years. However, a recent series of investigative reports shows that many companies are not what they claim to be. Many bail bond services, especially those that advertise themselves as nonprofit and operate for profit in order to make a profit, actually profit from poor people. Studies show that some for-profit companies make their biggest profit from poor communities of color, who are at their weakest, and through questionable opaque funding programs that can keep people locked up for years or even months, depending on the case. The bail bonds industry is a billion dollar industry, so you may not believe the statistics, but if you look at them closely enough you will likely find something that may give you pause. Feel free to visit their website at bondsman for more details.

A growing number of states are investigating some of these for profit bail bonds companies. For example, New Mexico has banned the for-profit bail industry. Many companies have gone under and those that are still around have had to close their doors due to the public outrage at their unethical business practices. Some of the larger companies have filed for bankruptcy protection and it is very unlikely that any of them are still in operation today. This scandal is just one reason to reconsider choosing a bail bonds company who advertises itself as non-profit and operate for profit. It does you no good to entrust your safety to a company that profits from your misfortune.

You should always be completely honest with your bail agent when it comes to explaining your situation to them, because if they don’t have a plan to release you they cannot help you. If you have never had any trouble with the law in your life, you will probably not have any issues with bail bonds. However, if you have a history of theft or any other type of crime you are going to want to make sure your bail agency is aware of this, so that they can prepare you for your case. You should always ask about any fees before agreeing to take out a loan from them. When you have an attorney working on your case for free, this is another way to prevent overcharging and keep them from making any more money than you expect. by charging more than you need.