2020

Do You Have to Pay Interest on Bail Bonds?

Some people are under the misconception the money paid by bail bondsmen to get defendants released from jail are loans and, thus, think they're required to pay interest on it. That's simply not the case. Bail companies can only charge a flat rate (typically a percentage of the bond amount) for their services. Usually, this is the only cost to clients, but here are two times when you may be required to pay additional fees.