Chronicles of a Bondsman – 1

Posted by on Jul 19, 2013 in Phoenix Bail Bonds

Chronicles of a Bondsman – 1

True Stories from a Phoenix Bail Bondsman

Although Phoenix bail bondsmen are in the business of selling bonds and getting people out of jail, there are times we just don’t like to do it.  I got a call the other day from a woman who had found me on the internet by searching for Phoenix bail bonds.  She needed to bail her “fiancé” out of the Maricopa County Jail.  He had a cash only bond for assault, disorderly conduct, preventing the use of a telephone and criminal damage.  This is nothing out of the ordinary; domestic violence cases are extremely common.  What was unusual was this woman had just gotten out of the hospital and was black and blue over most of her visible body.  Her face had claw marks on it, particularly around the eyes.  I couldn’t resist asking how the scratches got there.  The lady remarked casually, “Oh, he was trying to gouge my eyes out.”  The lady also had numerous old wounds and scars on her arms that had not occurred during this incident, which she admitted had been inflicted by him.  As it turned out, the “fiancé” was no stranger to jail; he had a severe drinking problem and had been arrested several times for working this lady over.

What was awful about this particular story was the woman was blaming herself for the incident and felt guilty for calling the police on him.  I assured her that she did the right thing and that both he and she needed some counseling not bail bonds.  She said that she was getting professional support after this latest occurrence and that the prosecutor was demanding prison for the “fiancé”.  I told her that hopefully things will work out, but I couldn’t resist asking, “Why do you want to bail him out of jail?”  She merely said, “I love him.”

Maricopa County Bail Bonds

(602) 258-4488

Get Out Now!

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

 

 

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5% Down Bail Bonds

Posted by on Jul 18, 2013 in Phoenix Bail Bonds

5% Down Bail Bonds

Phoenix Bail Bonds for 5%?

Maricopa County Bail Bonds does not provide 5 percent down bail bonds.  The Arizona Department of Insurance has set the Surety Bond premium rate at 10%.  10% is the minimum rate you can expect to pay for any bond; anything less and the bail bond company is breaking the law.  One or two Phoenix bail bond companies advertise 5% down and offer to set you up on a payment plan for the balance.  They aren’t doing this because times are good and they just want to help you out.  These 5% down companies need to stay a float, they rob Peter to pay Paul.  Their bond forfeiture rate is huge because they not only are desperate to increase cash flow, but they are the same guys that accept insufficient collateral and offer Signature Bonds.

Don’t be baited into low rates, don’t fall into the trap of making payments, and be leary of Signature Bonds or low collateral bonds.  If you can’t make your payment as dictated by the Agreement, the Defendant may be arrested.  If the bondsman has a high risk exposure on your bond and has taken insufficient collateral, or worse yet – your signature.  You can expect him to come knocking if you miss a call-in or are late on a payment.

All Phoenix bail bond companies offering 5% down and no collateral have the following in common:

  1. A very high bond forfeiture rate
  2. A very high bond revocation (arrest) rate
  3. Cash flow problems – difficulty in paying off forfeitures and paying the bills
  4. Slow turn-around times on your cash collateral deposits

 

Don’t be one of the sheep taken to slaughter.  Get the straight facts:

Maricopa County Bail Bonds

(602) 258-4488

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission

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Phoenix Signature Bonds

Posted by on Jul 17, 2013 in Bail Bond Collateral, Phoenix Bail Bonds

Phoenix Signature Bonds

Signature Bail Bonds

We are asked nearly every day by potential clients if we do Signature Bail Bonds.  Signature Bail Bonds are bail bonds that are backed by the good word or signature of the Indemnitor (also known as co-signer) on the bond.  No collateral is taken for security because it is presumed that the co-signer’s ability to stand behind the bond and cover any loss is without question.

Signature bail bonds had their start back in the day when most people were gainfully employed and grew up and worked in the same community their family had lived in for years.  Back then a hand shake on a business deal was all that was necessary.  Everyone knew one another and people lived or died by their reputation alone.

A lot has happened to the United States since those days.  People are more transient in nature and it is rare to find a person’s roots tied to a single community for more than a few years, let alone generations.  Unemployment rates are still high from recession and in 2012, 46,700,000 Americans were on food stamps.

Phoenix Bail bond companies  have observed, over the last seven years, that the clients with suitable collateral to secure a bond has diminished with the passing of every year.  Our day is spent analyzing the value of collateral hoping and praying that we can put Phoenix bail bonds together for our clients without having to absorb all of the risk.

Do you Qualify?

Some of the more daring Phoenix bail bond companies are advertising that they will or can do Signature Bail Bonds.  Some of their requirements are:

  1. Stable Job with proof of income
  2. Utility bill for proof of residency
  3. Good credit history
  4. Defendant has little or no failure to appears
  5. 10% of the bond amount in cash or credit/debit card

Another company indicates that they can do signature bonds for some clients, but will charge a 40-50% non-refundable risk premium and/or place the defendant on a GPS ankle monitor.  This company posts the bond in cash.

In any event, if you look over the above requirements, there appears to be little benefit in asking for a Signature Bail Bond.  You are either going to have someone prying into your financial history or charging you an exorbitant fee to take on the added risk of a bail bond without collateral.

Look out for Nervous Bail Bondsman

Phoenix bail bondsmen that have taken little to no security on a bond are bound to be nervous about their investment.  We have heard a number of stories about bail bonds getting revoked due to non-compliance with conditions of release, or failure of a client to make the agreed upon payments.  Getting re-arrested for non-compliance and having your bond surrendered back to the Court means you just wasted all your money and time.  If you plan on playing with fire, do some research on the company you’re working with.

Maricopa County Bail Bond Advice

Our advice is to do a bail bond the right way, put up the required collateral and pay the nominal 10% fee.  If you can’t afford a bond, don’t do it.  Don’t fall into the trap of over-extending yourself.  The consequences of not paying a bondsman or not complying with his conditions of release will land you back in jail.  It’s not like  failing to make a credit card payment, or missing rent for a couple of days; bail bond companies with high risk exposure will pull the plug on you.

 

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission

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Arizona Bail Bonds

Posted by on Jul 16, 2013 in Arizona Bail Bonds, Maricopa County Jail

Arizona Bail Bonds

Arizona Bail Bonds

     Arizona bail bond companies generally offer free jail information on defendants incarcerated in the county jails throughout Arizona.  As a general rule, most Arizona bail bond companies do a pretty good job of getting their clients accurate information.  When your friend or family member gets incarcerated, it is advisable that you deal with a bondsman in obtaining information.  Jail staff are overloaded by phone calls everyday, often giving the same information to several family members throughout the day. 

     Maricopa County is broken down into two jail systems, municipal jails (police departments) and county jails.  The municipal jails temporarily house inmates before moving them to the Maricopa County Jail.  Municipal jails would prefer providing inmate information once to a qualified bail bond agent who in turn can explain the process and charges to family members.  The bondsman knows what questions to ask and how to properly explain the charges and bail procedures.  The Maricopa County Jail currently uses an automated hotline to provide routine bail bond information.  If your question is not answered through the automated hotline, you can hold for an operator.  Hold times can be an hour or longer as calls are answered in order of calls received.  Bail bondsman can submit an inmate inquiry to jail staff via email, which when returned, provides the same basic information that the Hotline provides.  The Maricopa County Jail is just too large of a system to provide spot on operator assistance.  Maricopa County Bail Bonds provides free jail information to prospective clients earnestly looking for a Phoenix bail bond.  Call (602) 258-4488 to obtain immediate help.

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

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Posting Phoenix Bail Bonds with a Credit Card

Posted by on Jul 15, 2013 in Credit Cards, Phoenix Bail Bonds

Posting Phoenix Bail Bonds with a Credit Card

Posting Bail with a Credit Card is Easy

Posting Phoenix Bail Bonds with a credit card is becoming increasingly more popular, particularly with out-of-state clients.  Maricopa County Bail Bonds handles many of these transactions throughout the week.  The appeal of using a credit card on Phoenix bail bonds is many-fold, particularly if the entire bail amount is charged on the card.

  • Transactions can be handled long distance; travel to and from the bail office or jail is unnecessary. The client avoids the traffic and the summer heat of Phoenix.
  • Credit card bonds are fast, as soon as the card is run, the bond can be posted; the client does not need to struggle with documents and recordings required on bonds secured with hard assets like vehicles, real estate, or other collateral
  • Bonds posted with a credit card can save you money. Phoenix Courts are requiring cash only bonds on many of its charges, including child support warrants and drug arrests. Cash-only bonds are charged a higher fee than the usual surety bond if cash is put up by the bail bond company.  Using a credit card for the entire bail amount will save you a bundle on fees and it may be the only option available if you don’t have all the cash.
  • The final advantage of using a credit card on bail bond transactions is the return of funds.  Once the Defendant’s case is completed and the bond exonerated, the bail amount is returned to the card holder (premium fees are retained).  Clients do not have to struggle with getting titles and deeds put back in their names or worry about lien releases.  If the client was making payments on the credit card, the card can now be paid off, or the cash used as they see fit.

Maricopa County Bail Bonds would be happy to discuss your needs on Phoenix bail bonds, call (602) 258-4488.

 

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

Read More »