Bail Bonds Blog and Resources

Types of Bail Bonds

There are many types of Denver Bail Bonds to be aware of, each one applying to a different person or set of circumstances related to the commission of a crime. For this reason, each bond has a specific purpose that you should be aware of. Unfortunately, if a defendant is already in the Denver County jail, it may be a little late to learn the specifics in advance.

Types of Bail Bonds

Bail is a phrase used for money or the property that an arrested person uses to secure their release from jail before trial. If the defendant doesn’t return to court, the bail amount can be forfeited and seized by the court, and an arrest warrant is issued. In some cases, fugitive recovery agents may be hired to track down the accused and return him or her to custody.

A bail bond, on the other hand, is an actual contract that allows people to pay a small amount of the bail cost, usually around 10%, to a bail bond agency for their release. The bail bonds company then gives the court the rest of the bail amount and promises the defendant will return for trial.

Cash Bonds

Some people decide to just pay cash for their bail, if they’re able to do so, but keep in mind the money in your pocket could be required for more pressing needs, even though it’s returned eventually. Also remember that with Denver, CO Bail Bonds a defendant could be required to pay up to15 percent of the bail in order to be released. If bail is set at $50,000 that means the person would have to post $7,500 to be released from jail.

Federal Bail Bonds

Perhaps the most serious are Federal Bail Bonds, used when a defendant is accused of committing a federal crime. In this case, Colorado Bail Bonds of a Federal nature are more expensive than for other crimes. It’s in a case like this when having an experienced bail bondsman can pay huge dividends.

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Bail Bondsman Licensing Requirements

Bail Bondsman Licensing Requirements

People who are licensed to sell Denver Bail Bonds are essentially insurance agents or producers who deal in Surety Bonds. According to the Surety & Fidelity Association of America, a surety bond is a promise that one party will pay another party a certain amount of money if the first party fails to meet a specified obligation – like showing up for a court date in the case of legal proceedings for someone out on bail from the Denver City jail.

Accordingly, a surety bond is a contract between at least three parties:

  • The party or person who is the recipient of an obligation,

  • The primary party or person who will be performing the stated obligation (showing up in court), and

  • The surety, who assures the first party that the primary party can perform the duty.

To sell Colorado Bail Bonds anywhere in the state, a person must have a Colorado Bail Bonding Agent Producer License, signifying he or she is qualified to sell bail bonds. There are two authority types an agent may apply for: A Surety Bail Bonding Agent, and a Professional Cash Bail Agent.
In all cases where someone wants to sell bail bonds in Aurora, he or she must:

  • Be a Colorado resident.

  • Be lawfully present in the United States.

  • Be 18 years of age or older.

  • Be trustworthy and have a solid professional reputation.

  • Not have been convicted of a felony in the last 10 years, or completed probation or a deferred sentence for a felony within 10 years of release.

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Avoid Bail Bond Scams

Avoid Bail Bonds ScamsAccording to some estimates, insurance fraud costs Americans nearly $100 billion a year, made up of all forms of insurance and its many subsets, including bail bonds in Denver Colorado. Like many other crimes, bail bond scams do not discriminate against gender, race, or religion and can be just as devastating as other forms of fraudulent insurance practices. Scams involving Denver Bail Bonds are just as plentiful as anywhere else in the country.

Criminals are becoming more sophisticated, using the Internet and mobile devices to perpetuate identify fraud and take steps necessary for bail bonds scams to look all the more real. Here are some typical bail bond scams to avoid:

  • Cheap bail bonds, or bondsman who offer rates below the standards set up by the state. For Jefferson County Bail Bonds, as with anywhere else in Colorado, a bail bondsman can charge up to 15 percent of the bail set by a judge. So if bail is set at $10,000 a defendant can reasonably expect to pay up to $1,500 to the bail bondsman as a fee. The problem with cheap bail bonds is they prey on desperate defendants or their loved ones and are an example of the classic bait and switch scam: Offering a low rate to draw you in, then once you’ve signed the paperwork hitting you up with higher fees or financing offers. Many reputable bondsman who work the Denver County jail or immigration bondsmen in Denver offer financing, but they will always state up front reasonable expenses and what the costs will be to post bail and get someone out of jail.

  • Bail bond agents who solicit clients in jails, court houses, or even crime scenes. Keep in mind that most states have stringent regulations in place stating when, where, and how a bondsman can solicit business. Almost nationwide, bail agents cannot offer their services from within a jail or courthouse. Competition naturally arises, causing friction not only between bail bondsman of ill repute, but also among well regarded companies who follows the law but also may feel the pinch from a sagging economy. Bail agents who engage such behavior are risking their license and reputation.

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Top Questions to Ask Your Bail Bondsman and How to Become One in Colorado

Questions to Ask Yourself Before Becoming a Colorado Bail Bondsman

Top Questions to Ask Before Becoming a Colorado Bail Bondsman

If you’re interested in a career in Denver Bail Bonds, the first thing you need to realize is this career isn’t like the movies. Your job likely will not involve tracking a defendant cross country to make sure he or she returns for trial. Instead, you may spend more time at Denver County Jail picking someone up and acting as a limousine service more than anything else. There will be some excitement just as there is with any job at one time or another, but forget about car chases, bar fights, or middle of the night air travel to deliver someone safely to federal custody.

Collecting on bail bonds in Denver Colorado can be downright boring sometimes, so here are several questions you should ask a professional bail bondsman in Denver before jumping into this career.

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Bail Bondsman in Colorado and a Bad Economy

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.

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Top Five Questions to Ask a Bail Bonds Company

Top 5 Questions to Ask a Bail Bond Company

When a person hires a company or individual, they do so based on factors like trust, knowledge, experience, and reliability. Comfort level is a huge part of the equation, too. How often, for instance, have you gone shopping for furniture, made it just inside the store, then get deluged by a bee line of hungry sales associates looking for their next commission? If you’ve judged the situation correctly, you leave within minutes and go elsewhere. The same holds true if you’re ever in the need for a Denver Bail Bonds company. You want someone you can trust, but how do you know who’s experienced and trustworthy enough to lead you through the bail process at the Denver County jail?

Questions to Ask your Bondsman

You ask questions, lots of them. Here are five that we recommend clients ask of any bail bondsman in Denver they’re thinking of hiring.

  • Are you listed with the local Better Business Bureau (BBB) office, and where can I see that information? Not all Arapahoe County Bail Bonds companies are listed with their local BBB office, and it makes you wonder why. The BBB is the sort of organization a company should want to belong to because membership engenders public trust and demonstrates that a company is willing to listen to complaints and get them resolved in a timely and satisfactory manner. It’s a sign of trust. This is where you do a bit of research. Check online with the BBB if possible and see if there have been complaints about the bail bondsman you’re interested in, how they were resolved, and how quickly. Also check on their rating. If a bail bondsman says he’s got a AAA rating with the BBB, but you find out it’s really a B, then you have reason to look elsewhere.

  • What do you charge for a bail bond and why? In Colorado, the typical charge for a bail bond is up to 15 percent the value of bail. If your bail is set at $10,000, the bondsman would charge you $1,500. And don’t fall victim to a bondsman who offers to work with you for a considerably lesser fee or on a payment basis. Remember that you get what you pay for and, unfortunately, fraud exists within bail bonds in Denver Colorado just like with any industry anywhere else.

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