Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.

  • relative_iterator@sh.itjust.works
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    1 year ago

    Definitely makes sense to do this via a loan so your cash isn’t tied up. I would like to know if there’s any reason to use bail bondsman over some other method.

    • IWantToFuckSpez@kbin.social
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      1 year ago

      Less paper work since the bondsman handles it. it’s also cheaper but you don’t get the money back when the court case is over. Which you do when you pay bail directly. This is how bail bondsman make money. You pay them 10%-20% they pay off bail and then they get that bail money back or they simply give the judge a guarantee that you show up. They will also hound your ass if you fail to show in court and send a bounty hunter to find you. Since if the defendant fails to show up the bondsman has to pay the full amount.