The bail bonds industry is highly competitive. Bail bondsmen in Edmond, Oklahoma are constantly looking for ways to get and maintain their clients. However, it is now common knowledge that bail bondsmen in Edmon that write bail bonds in Norman, OK stab each other in the backs. Why has this cutthroat behavior continued till now?
Lack of regulations
One of the reasons why bail bondsmen in Tulsa, OK stab each other in the back is because the bail bond industry is barely regulated. The issue of lack of regulation has given bail bondsmen the liberty to act as they want, sometimes operating unethically since they know there are no enforceable repercussions for their actions. There are no oversight bodies that ensure that regulations are enforced because there is little or no regulation.
Some of the issues that have arisen because of the lack of regulation are that regardless of your qualifications or background you can become a bail bondsman in Oklahoma City. There are no established rules or standards that bail bondsmen in Nichols Hills, Oklahoma should conform to which gives them the liberty to act the way they want. Additionally, bail bondsmen who write bail bonds in OKC can stab each other in the back because there are no specific people who can call them to order.
Competitiveness
It is already obvious that another reason why bail bondsmen in Bixby, Oklahoma stab each other in the back is because of the fierce competition in the industry. There is so much money involved in the bail bonds industry which makes it important that bail bondsmen in Guthrie, Oklahoma charge clients a premium (usually a percentage of the total bail amount) to post their bail if they want to make any profit. The reasoning of the bail bondsmen in Piedmont, Oklahoma is usually “the higher the bail amount, the higher the premium, and the greater the profit.”
Based on the fact that bail bondmen have to fiercely compete to make a profit, they sometimes go above and beyond board to secure clients because they are stressed and just looking for a way to make money even through dishonest means. They may engage in unethical practices like slandering other bail bondsmen while trying to poach their clients, they may offer ridiculous discounts and kickbacks so that more clients will come to them, they steal clients’ personal information and promise services they cannot offer.
Personal gain motive
The motive of personal gain is also a reason why bail bondsmen in Moore, Oklahoma who write bail bonds stab each other in the back. They do not care who they harm or hurt as long as they gain from it. Their focus is not on the long-term results of their actions but on short-term gains or profits. There are several instances where bail bondsmen in Norma may try to poach clients from a competitor by offering a lower premium or other incentives, without regard for the ethical implications of their actions or if they are sticking to the industry’s standards. A bail bondsman may spread false information about other bail bondsmen in Oklahoma City to damage their reputation and gain an advantage, they do not care about their actions.
The bail bondsman in Midwest City, Oklahoma may engage in low pricing for their services, undercutting competitors to gain market share, without considering the impact on the industry as a whole as long as they gain from their action. These actions have led to bail bondsmen in The Village, Oklahoma only looking out for themselves and not the future of the industry as a whole. The toxicity in the bail bonds industry has only continued to thrive without any need to see reasons for adjustments.
Lack of industry unity
The competitive nature of the industry and always looking for ways to personally gain has led to a lack of industry in the bail bonds industry which has increased the backstabbing nature of bail bondsmen. Bail bondsmen in Yukon, OK no longer see the need to unite which has made them easily turn against each other. The lack of unity has made it difficult for bail bondsmen in OKC to collaborate, they barely communicate or update each other, and they do not collectively choose the least amount of fees they can collect from clients making them lack bargaining power and the industry lacks a widely established code of conduct or standard.
The lack of unity has not stopped. It keeps increasing which has led to more complaints of bail bonds in Edmond, Oklahoma backstabbing each other. They do not feel the need to stay accountable to each other or the industry since they are only looking out for themselves as individuals and not as a group. This lack of unity has led to bail bondsmen in Broken Arrow not sharing their expertise or presenting a good public image for the bail bonds industry.
The way forward
Completely eradicating the backstabbing nature of bail bondsmen in Bixby will take time but it is possible. Some of the things that can be done include:
- Setting up industry regulations and legislation to guide bail bondsmen
- People who default, and do not obey the industry guidelines should be punished for their actions.
- Fair and competitive pricing should be encouraged to reduce the need for bail bonds in Edmond to adopt underhanded tactics.
- Bail bondsmen in Oklahoma City should be encouraged to focus on their professional development and maintaining a positive reputation in the bail bonds industry.
- Regular training and education should be organized to educate bail bondsmen in Del City to stick to the industry’s ethical standards.
Conclusion
There are so many factors that have increased the backstabbing culture in the bail bonds industry in Oklahoma like personal motives, profits, competition, lack of regulations, etc. There must be efforts put by all in the industry if there is any hope of the industry changing and establishing an industry that sticks to ethical standards and eradicating the cutthroat action in the industry.
