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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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.

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What are the advantages of using a Bail Bond Company?

Posted by on Jul 14, 2013 in Maricopa County Jail, Phoenix Bail Bonds, Phoenix bondsman

What are the advantages of using a Bail Bond Company?

Advantages of using a Bail Bond Company

A bail bond company takes the bite out of a bond. Let’s say for example that you want to get a friend out of jail on a five thousand dollar ($5,000) Phoenix bail bond.   As an individual you would need to pay the Court or Maricopa County Jail the whole $5,000 dollars in cash to get your friend out of jail.   Unfortunately for you, the jail does not accept cash from the public; the court only accepts cash from registered bail bondsmen.  However, the jail will accept Western Union Money Orders, US Postal Money Orders and Cashiers’ checks.   Assuming you manage to get the bond posted yourself, the Court will hold on to your $5,000 for an undetermined amount of time until the case is adjudicated and the bond exonerated; it could be months and in some cases years.  The Court will not pay you interest on your money and you cannot retract or surrender your bond.  Only a bail bondsman can surrender a bond or re-arrest the Defendant before he skips out on bail.  Your money will in effect,  be tied up until the Defendant is sentenced.

A Phoenix bail bond company, on the other hand, would only charge you a 10 percent fee to post your bond.  On a $5,000 bond that amounts to only $500.  That $500, fee is nonrefundable, but you won’t have to sell the farm in order to get someone out of jail.  You will, however, need to put up some form of collateral worth at least the bond amount that the Phoenix bondsman will hold onto as security pending the Defendant going to all his hearings; but you get that back upon sentencing or exoneration of the bond.

Maricopa County Bail Bonds understands the Arizona Courts and Jails.  We are familiar with the judges, the attorneys and the jail and court clerks.  We are committed to helping you understand the bail bond process and posting your Phoenix Bail Bonds.  We are happy to answer any of your bail bond questions and to discuss any of your concerns.  Please call 602-258-4488 for immediate service.

 

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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Do you need a Phoenix Bail Bond Company?

Posted by on Jul 13, 2013 in Bail Bond Process, Phoenix Bail Bonds

Do you need a Phoenix Bail Bond Company?

Maricopa County Bail Bonds at your Service

Do you need a Phoenix Bail Bonds Company offering fast service with the lowest rates allowed by law?  Maricopa County Bail Bonds has provided bail bonds to Phoenix and surrounding communities for years.  The Maricopa County Jail has over 10,000 inmates incarcerated in several facilities throughout Phoenix, including:

  • 4th Ave Jail
  • Durango Jail
  • Estrella Jail
  • Lower Buckeye Jail
  • Tent City Jail
  • Towers Jail

Obtaining a bail bond for an inmate in a Phoenix jail can be a daunting task. Choosing a reliable Phoenix bail bond company is no easy matter and can be as difficult as finding a reliable used car. Maricopa County Bail Bonds takes the time to explain to its clients the bail bond process.  We have learned that a knowledgeable client that understands the process and risks is more likely to be satisfied.

Maricopa County Bail Bonds offers flexible solutions for collateral requirements and can provide many alternatives to its clients.  We learned a long time ago that the bail bond must be customized to fit the client, not the other way around.  If you need help in Phoenix, be sure to call Maricopa County Bail Bonds (602) 258-4488.

 

 

 Copyright

© Copyright 2013, 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 »

Phoenix Arizona Bail Bonds

Posted by on Jul 11, 2013 in Phoenix Bail Bonds

Phoenix Arizona Bail Bonds

 Phoenix Bail Bond Companies

     Phoenix bail bond companies are a dime a dozen; some are reputable, some are not. The interesting thing about obtaining bail bonds in Phoenix is the intense competition amongst bondsmen vying for your business. As competition increases in a business sector, so will illegal activity.   Be aware that there are minimum requirements set by law for Arizona Bail Bonds.   A bail bond is composed of two parts; the premium (fee) and the collateral needed to secure the bond.  The minimum premium cost of a bail bond in Phoenix is 10% of the bond, in other words, if the bond amount is $2,000 you will need to pay a $200 non-refundable fee.  In addition, bail bonds need to be secured with collateral.  Collateral is something of value that you put up as security that is worth the amount of the bond.

     Sounds simple and straight forward, right?  

     Not exactly, Phoenix bail bond agents will sometimes wave their collateral requirements, or take payments on the premium to “help” you get the bond.  Agents advertising 5% down are prime examples of this.  Bondmen that compromise their security are generally nervous about the Defendant they bailed out of jail; they are more apt to re-arrest the defendant and revoke their bond then a bondsman that gets the premium fee and collateral up front.  Once your bond is revoked, you lose whatever premium you paid and your back in jail.  If you deposited collateral with the agent, he will hold on to it until you pay the whole thing off.  If the bondsman rearrested the Defendant  he will probably tack on his bounty hunting fees.  Be wary of short cuts and bondsmen wanting to give you something for next to nothing.  Call Maricopa County Bail Bonds for the straight facts on Phoenix bail bonds – (602) 258-4488.

 Copyright

© Copyright 2013, 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 »