Keep Bailing

Bad economic news, apparently Bondsmen Are Bailing Out, at least according to the Indianapolis Star:

these days, too many clients are asking for bail without the required collateral, such as a home or a car, diminishing bail bondsmen’s customer base. And not helping matters is a new policy by Marion County judges setting less expensive cash bonds for minor offenses…

Couple the economic situation with other “solutions” being offered in terms of bail. I hear talk of temporily lowering the bail schedule to allow more people in California to post bail. Huh? The bail schedule is set Read more »

Lately, I’ve been asked many times, “Your business must thrive in this economy, right?” Or, “I bet bondsmen don’t worry about a bad economy; you must be thrilled.” We’ve even had people inquiring about a job because they think that bail bonds is a recession-proof industry.

I know most people have never had first hand experience with bail bonds. Apparently, the common school of thought is that crime goes up in an economic down-turn.

Last December, I took a call from Tony Castro at the Los Angeles Daily News. He asked several questions about the economy and bail bonds. Mr. Castro subsequently wrote an article about Van Nuys bail bondsmen “bailing out”. I spoke with Mr. Castro a fair amount of time and even though he quoted me on a couple of points, there were several issues I discussed that were left out. Since then, I keep feeling there’s so much more to be said. So, today I’ve written a follow-up article about bail, crime  and the economy. In this article, I’ve attempted to answer: Read more »