One of the up-and-coming industries is that of the bail bondsman. It turns out that this opportunity can be quite lucrative indeed. I’m sure you know someone who has had to get bailed out of jail at one time or another. In fact, many of us have run into the law at one point or another ourselves and have had to acquire a bond to get out. We may not have even been in the wrong, but we were arrested and had to get out. A lot of us have responsibilities that we have to fulfill. Whether it be going to work the next day or driving our children to work, getting thrown in jail can sure put a damper on things. Have you ever thought about being a bondsman though? Just think about the limitless opportunities there for a minute.
Most of the time, a person who needs bail money can’t afford it themselves. They aren’t going to skip their court date. They’ll show up in front of the judge when they’re supposed to and you make a profit in the process. All the while, they get to spend time with their family, get legal representation, etc. It’s a win-win situation.
How Bail Bonds Work
The way that the bonding system is set up in the United States is pretty unique. There aren’t very many other countries with these processes in place. I wonder if that makes criminals take their arrest more lightly? Who knows, but what I do know is that crime is on the rise. As more and more people are getting in trouble and getting arrested, the demand on a bonding company also increases. Again, most of the time, these people are not a flight risk and your “bet” is safe when you get them out of jail. Here’s the downside of this industry though, the occasional client is going to skip their court date and you will be held liable for the full bail amount.
For more information on this, a good resource is…
Bail Bonding Now
235 Peachtree Street Northeast #400
Atlanta, Georgia 30303
Most financial institutions are going to be able to extend a loan your way to cover the huge financial obligations associated with this type of career, but you’re still not going to want to have to pay that back, are you? No, you’ll have to hire a bounty hunter. They don’t call it that anymore though. They call it a recovery agent or something. I don’t know. I’m not in the ‘bounty hunting’ business. But, I’m thinking about starting a bail bondsman business. The income opportunities are great and the risk is low, as long as you’re smart about who you choose to spring from their jail cell.
In cases where you think a person might be a potential flight risk, you can simply ask for collateral. This is very common in the industry. This means that if the person DOESN’T show up in front of the judge on their designated court date appearance, they will forfeit the collateral raised to you. Since you will be financially liable for the whole bail amount at that time, you can work with the courts to pay this off by selling the collateral. Pretty simple, right?
I highly recommend this opportunity. Especially in the Atlanta area. Dekalb County bail bonds are the highest in demand right now, so looking into that is a great place to start.