Monday, December 29, 2008

Bondsmen Make it Cheaper to Get Out of Jail

Bail bond agents are increasingly helping cash-strapped defendants get out of jail with ultra-cheap financing deals, a practice that worries law enforcement officials and insurers, and could endanger public safety.

To bolster their businesses during the recession, a growing number of bondsmen nationwide are requiring upfront payments that are only a fraction of the customary 10 percent premium amount - sometimes with no collateral. In exchange, the accused agree to make up the difference on credit cards or monthly installment plans.

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