One of the most common questions a bondsman hears relates to whether they can help clients with 2% San Mateo bail bonds.
Most people have some basic familiarity with the commercial bail industry but they’re not entirely sure how the full process works. They may have heard that in order to get the defendant released from custody, they will need to pay some sort of percentage of their bail amount to the bondsman.
They may have also heard that this fee is non refundable and that it’s not something they will get back.
The state of California has the highest bails of anywhere else in the country. Even a small percentage of the total can still translate into thousands of dollars. This can be very unnerving if you have a friend or family member that is sitting in jail.
The idea that you suddenly have a multi-thousand dollar expense at your feet can have your stomach feeling as if it’s being churned into knots. You may find yourself wondering if there’s a way to pay less.
Do companies ever offer sales? Can you negotiate 2% San Mateo bail bonds?
Many people are unaware that the commercial bail industry is heavily regulated by the Department of Insurance (DOI). The DOI regulates how companies can be named, what can and can’t be included in advertisements and how much a bondsman is permitted to charge their clients.
The statewide rate has been set at 10%. It doesn’t matter where in California a person has been taken into custody. The cost to arrange bail bonds will be the same.
This can be a bit confusing- especially if you’ve seen company advertisements that talk about discount 2% San Mateo bail bonds. How can this be?
Well, the answer is relatively simple. There are a number of unscrupulous agents who use deceptive advertising in order to get clients through the door. They’ll advertise a discount rate hoping it will get people in the door. In many cases, it works. But as soon as the client sits down to fill out the required paperwork, they find out that the cheap bail bonds rate refers to the amount they would need to put down in order to be eligible for a payment plan.
The full, 10% fee will need to be paid, just not all at once. Their balance will not be resolved until this is done.
On the other hand, if the bondsman is offering to sell you 2% bail bonds, buyer beware. This person is breaking the law. If they are being unlawful on the front end, can you be sure they’ll behave honestly on the back end? Can you be positive they won’t come back in several months and try to shake you down for more money?
Discount bail bonds can seem like a good idea at first, but they can cost you a lot more in the long run.
You will always want to work with an honest, reputable bondsman you can trust.