hiring a bondsman in a down economyIf you listen to the pundits or “talking heads” on cable television or radio call-in shows, a failing economy results in an increase in crimes. This means that when crime goes up, someone who profits from Denver Bail Bonds reaps even more benefit. But that’s not necessarily true in either case.

Each state sees peaks and valleys for different kinds of criminal activity, and people who earn a living off bail bonds in Denver Colorado are affected, too. Bail bondsmen are insurance producers, selling a product like any other, so if a person is cutting back on spending in certain areas so they can afford the basics, they probably can’t afford bail bonds either.

But Crime Rates are Rising, Right?

Americans are strange. Perhaps because of television, radio, the Internet, cell phones and other media sources, we naturally assume by default that crimes rates keep rising. We see and hear of mass murders taking place on military basis and movie theatres and assume things keep getting worse. But that isn’t necessarily the case. In fact, according to the latest data from the United States Census Bureau, there were 46.7 million violent crimes committed nationwide in 2008, but only 43.9 million in 2009, which may not be statistically significant.

Good People Turn to Crime in Tough Times

That isn’t accurate, either. Again, crime statistics vary by region, but many law enforcement professionals and mental health professionals believe that people who commit crimes – violent or property crimes – were criminals or had criminal intent before actually breaking the law.

But the United States Department of Justice has issued a report warning about a potential rise in one area especially – domestic violence. With a downturn in the economy, high unemployment rates, and rising food and energy costs, instances of domestic violence is expected to go up, the report said.

A Bad Economy Affects Everyone

When it comes to Colorado Bail Bonds, there used to be a time when someone who was arrested for a minor offense would simply whip out their credit card and pay bail right on the spot and be released from jail only a few hours after being arrested. But those days are gone. The credit crunch has resulted in most people having smaller credit limits, losing their cards all together due to poor credit, or not having credit cards at all. So for anyone in lock-up at the Denver County jail, “who ya gonna call?” In most cases, it’s a loved one, lawyer, or bail bondsman – in that order, often based on decreasing performance. People simply don’t want to spend money like that anymore. Instead, they’d rather ride it out because it’s more important to pay rent or buy groceries.

But trends are showing that bail bonds on Boulder are affected, too, with many people who get arrested being unable to post bail and instead staying incarcerated until a court date. Just like many other businesses, bail bondsmen feel the pinch when the economy puts the bite on their customers – people who often have less discretionary money when times are tough. While the economy may not be turning around as quickly as expected, it seems to have leveled off and even some markets – such as new home sales – are approaching “normal” levels again. When that happens, people generally are a bit more optimistic and will go from a purely saving mode to being willing to spend money more freely.

The bottom line is a downturn in the economy affects everyone, even those who earn their living by selling Arapahoe County Bail Bonds.