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.
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.

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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