Keep Bailing

This week, we read about the effects of a downturned economy on bail bondsmen in Imperial Valley and in San Bernardino. There’s no doubt this tough economy has played some part in our bail bond industry. Like any other business, bail bond customers now have less money and their homes are worth less as collateral than a couple of years ago. The jails are becoming overcrowded and I hear clients say: “With the economy the way it is, we’re going to let him stay in jail.”

As bondsmen, we’ve already been fighting a singular economic battle for some time, because we can’t compete based on price — we’re regulated by the Department of Insurance and are rates are set with them. In addition, our customers may not be very particular:  They often just want to deal with whoever can help them the fastest.

It used to be that good, honest service was the benchmark of a successful bail bond business.  Call me old fashioned, but I still believe this to be true and I really get steamed when I find myself up against bondsmen who break the law to earn a buck – and who then use bad economic times as their excuse.  So I’d like to dispel the belief that their practices have anything to do with a lousy economy.  I want to Read more »