Sunday, August 14

Who Makes Money When You Pay Bail

Bail is your get out of jail card. It’s a large amount of money paid to the court so that you are free to leave jail and resume your life before your trial. Bail is insurance for the court that you will show up for your trial. If you can’t afford bail, you need to get a bail bond. CNBC reports on who makes money from bail bonds.


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If you are able to pay your bail yourself and then are found innocent at your trial, you get your bail back. No one makes money. However, most people need a bail bond. In that case, the one making money is the bail bonding company.

The bail bond agency pays your bail. You then pay the bail bond agency back, plus fees. If you are found innocent, the bail bond company gets your bail, not you, since you were not the one that posted bail. Bail only goes to the person or agency that puts up the money for your bail.

There are laws in some states limiting the amount that bail bond agencies can charge. In California, for example, fees are 10% of the bail. This means that if your bail was $50,000, the fee is $5,000.

Bail is your get out of jail card. It’s a large amount of money paid to the court so that you are free to leave jail and resume your life before your trial. Bail is insurance for the court that you will show up for your trial. If you can’t afford bail, you need to get a bail bond. CNBC reports on who makes money from bail bonds.


Video Source

If you are able to pay your bail yourself and then are found innocent at your trial, you get your bail back. No one makes money. However, most people need a bail bond. In that case, the one making money is the bail bonding company.

The bail bond agency pays your bail. You then pay the bail bond agency back, plus fees. If you are found innocent, the bail bonding company gets your bail, not you, since you were not the one that posted bail. Bail only goes to the person or agency that puts up the money for your bail.

There are laws in some states limiting the amount that bail bond agencies can charge. In California, for example, fees are 10% of the bail. This means that if your bail was $50,000, the fee is $5,000.

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