Do any of you people that is not involved with bail bonds know who and what and how Bail Bonds works? I have gotten the real experience to this thanks to the corruption that is going on at the North Carolina Department of Insurance. WHY DO YOU CARE? You should, someone that you know may get thrown in jail and you may need to get them out. That is if you care about anything and or anybody.
I am going to assume that you don’t so here it goes….
Let’s just say that you drank too much and was pulled over for DWI and got your butt thrown into jail. Now you need to get out so that you are not rotting in jail. There are two things here.
ADMINISTRATION RELEASE…..this is where the magistrate has you sign a bond for up to say $ 10,000 for your own well being. These will be applied if you do not have a history of being arrested before. You are swearing under oath that you will appear in court by yourself to answer any and all charges. These sheriff departments do not make this easy for someone.
POSTING BAIL WITH AN AGENT…..Let’s say that you have to get someone out of jail that the magistrate or judge is requiring a ” guaranteed bond ” This means that you have to pay some money to the bond agent to post a higher bond to get out of jail.
Let me break this down for you. The agent goes to there bonding company and get the bond. This is called “PAPER BOND” then the Agent has the person pay up to 15% of the bond amount. The bonding company gets usually 2% and the agent gets the rest.
If your bond is say $ 100,000. Then you will have to pay up to $ 15,000 in cash to get out of jail. This money is not returned to you. The bonding company gets $ 2,000. and the Agent get’s to pocket the $ 13,000.
Do you know understand why there needs to be real leadership at our Department of Insurance. When people can make this king of money on the miss fortune of others some people will do what ever they can to get this kind of cash in there hands.
In my case I was lucky to where the judge allowed me out on Administrative Release. It still cost me $ 2,500 cash to the attorney to go in front of the judge and swear that I was wrongfully incarcerated. My bond was $ 540,000. Try that one on for size.