Is the Bail Bond Industry Becoming Less Lucrative?

SOLANO, CA – According to bondsman Michael Bowman of Calvin Elam Bail Bonds, the bail bond industry is becoming a less profitable business proposition. He notes that the recent economic downturn caused many local bondsmen to go out of business. Businesses like his who remained in business had to adjust and change tactics to survive. According to Bowman, even though crimes seem to be on the increase, lack of money among defendant’s families and huge bail bond firms are pushing many bondsmen out of business. In his four decades in the business,... Read more