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Bail Bond Business Model

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A CLOSE LOOK AT THE BAIL BONDS BUSINESS MODEL Bail bonds are not always easy to meet. It is one thing to get the court to sign that a person facing criminal charges should be set free if he or she satisfies a bail bond and another thing to actually satisfy it. As a result of this difficulty, the bail bond business came into practice. Just like every other business, it emerged out of a demand, which is the springboard of all businesses. In El Paso, Tx., for instance, you can only practice as a bail bondsman if you have attained the age of 18; served under a bail bondsman for a minimum of one year; be a state resident; and of course, a U.S. citizen. What a bail bondsman primarily does is to stand as a surety for an alleged criminal who has been granted bail. The bail bondsman satisfies every capital requirement that will keep the alleged criminal from jail and agrees to be held liable if the alleged criminal fails to show up in court on a court date. …show more content…

Upon proper examination, you can liken the bail bonds business model to that of a money lender. Both of them take up a risk with the hope of making money if everything goes according to plan. The first thing a bail bondsman will require from the alleged criminal’s party is a minimum of 10 percent of the bail bonds sum. This is the money to be made by the bail bondsman. This does not remove the risk of the alleged criminal failing to report at court on court dates. This is what makes it a risky

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