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 Post subject: Re: Collateral Financing
 Post Posted: Sat 07 Mar 2009 01:33 
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Joined: Tue 24 May 2005 14:46
Posts: 3334
Location: Colorado
FRN Agency ID #: 324
Experience: 5 - 7 years
My issue in CO is that an agent can accept any amount up to 15% of the bond. If my cost to my insurance company exceeds that of another agent, they can write it for less than I can. That is where competition comes into play. Who is willing to write a bond for the least amount, and then what is the writing agent willing to pay if the person becomes an FTA on the bond.

There are multiple issues involved with every bond we write and with every forfeiture we work. If we write a bad bond we should expect to pay a fair price, and if we retrieve a person on a forfeiture, we should also collect a fair price.

_________________
Kathy Blackshear
Blackshear Investigations
Blackshear Bail Bonds
Sales Associate, Prepaid Legal Services, Inc.
Walsenburg, CO


Proud Member of the AB Reject Club


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