3 Things That Can Happen When You Don't Pay A Bail Bond Company Back
They say in life that desperate times call for desperate measures, and there are few situations that can be described as desperate quite like finding yourself in jail. If you have little to no money to your name when you do get locked up, you are pretty much stuck if you cannot afford to pay bail so you can get out. Thankfully, a bail bond company will usually be your saving grace in these situations because they will post bail on your behalf as long as you agree to certain terms.
Obtaining a bail bond is an easy-does-it process, but this is not a process or an agreement that should be taken lightly. Here are a few things that can happen if you don't hold up your end of the bargain and pay the bond company back what you owe them in the agreed upon timeframe.
Your bail could be revoked.
Bail bond companies have a close working relationship with the local court system that put you in jail to start with. So if you decide after the bond company saves you from your plight not to pay your bondsman back, your bail could easily be revoked. This means a new warrant would be issued for your arrest and if caught, you will go back to jail and likely, this time you will not have the option of working with a bond company for help.
Your personal property could be seized.
In many cases, in order to obtain a bond from a bond company or agent when you are in jail, you will have to put up some form of collateral to get the money. If you default on the bond terms and don't pay back the bonding company as you agreed, the company can and will seize your property to recoup what they have lost.
You could be hunted down by a bounty hunter.
Many bond companies employ bounty hunters specifically for the reason that some bond companies have issues with non-payment. If you don't make your payments and your bail is revoked, it basically means the money paid to the court by the bond company is up for retrieval upon your return to jail. Therefore, a bounty hunter will do everything they can to find you and get you back to jail so the bail money paid can be refunded and the bond company can be paid back.