Sunday, November 30, 2008
CA-Sluggish Economy Hurts Bail Bond Companies
Palm Springs, CA-According to this report filed by KESQ-TV, some California bail bond companies are reporting a 50% drop in business. The bail companies report that fewer people can come up with the minimum premium for release, trouble collecting payments, and the housing slump has reduced the number of indemnitors willing to use their homes for collateral. Jail overcrowding has forced some judges to release defendants without posting bail at all.
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