A bail bonding company needs to collect at least 10 percent of the total bail as a down payment for a customer. That means the bail bondsman should strive to request at least $500 as a down payment for a $5,000 bail. In some cases, prospective clients might not have that much cash available.
A bail bond company can still make an arrangement to work with a prospective client, or the company can involve itself by placing bids for various bail bonds. Certain sites allow bail bond companies to bid on different people’s bail bond requests and then win bids that come close to what they need.
A bail bond company might be able to accept a $300 down payment on a particular bid and then allow a client to pay the other $200 in installments. Such a company can then place bids for bail bond arrangements where the clients can’t quite offer $500 upfront but are willing to put down $300. Bond companies that win those bids can then discuss the payment arrangements or installment plans with their new clients. Finding acceptable bail bonds is now easier than ever for the clients and bond companies alike.