While visiting a relative in Torrance, California, I was able to learn a little bit about bail bonds Torrance companies, specifically what is accepted as collateral for bail bonds. My uncle works at a bail bonds company in the city, and since I had nothing to do one week I decided to tag along and learn about what he was doing. He made a pretty good living, and I wanted to know if it would be something I would be interested in doing. I had a pretty basic idea of what a bail bondsman does; a quick search online helped me know the basics.
To help out some of the readers here who are unfamiliar; bail bondsman are people who help you pay for your bail, an amount you need to pay to get out of jail while awaiting your hearing. The amount usually goes for a couple of thousand dollars, though you do get it back when you come back for your hearing, not a lot of people can afford paying an amount. Bail bondsman pays for that amount, and in return, you pay a non-refundable amount, usually 10 percent of the value of the bail. Most bail bond companies require collateral to ensure that you would return for your hearing and that they get their money back.
Collateral must be equal or more to the value of the bail; often people use jewelry or their vehicles as collateral. Surprisingly enough, you may also use antiques and artifacts as collateral, but I am certain that you will need some sort of certificate of authenticity for this, or at the very least get an appraiser to confirm its value. Deeds of lands and houses are also accepted, though if the company is based in a state or city like Torrance, I am certain they will only accept properties within their area. The interesting thing about collateral is that, if the company is large enough, as long as what you present has actual monetary value it could be accepted. Be careful when you use properties as collateral though, especially if you are doing it for a relative, as I have seen a few parents and relatives cry in my uncle’s office as they lose their homes, betrayed by their very own flesh and blood.
After a few weeks of shadowing my uncle, I saw the potential for profit in being a bail bondsman. It might definitely be a good career choice for me in the future, but it also requires a keen eye for both judge of character and the value of items (for collateral), both can be learned and honed through training. But the hardest part about it is when you take away the property of the relatives who did not make good on their word; it was heartbreaking for me to see people lose their homes and family heirlooms because of ungrateful sons, nephews, and grandchildren. What awaits those people who run though are people bail bondsman get to hunt them down, a career I am also interested in, bounty hunters.