If you or someone you know ever find yourself behind bars, and the judge sets a bail that you cannot afford, contacting a bail bonds company would be the smartest step you could take. Not only would you be out of jail quickly, but you would also save a lot of money in the process.
Posting a bail bond is actually very easy, as all you need to do is contact a reliable bail bondsman who will post the bail bond for you once you’re booked. Here’s everything you need to know about the whole process.
You Only Pay a Small Percentage Upfront
You don’t need to pay the full amount of your bail, but rather a small percentage. The standard fee is usually 10%, but there are some bail bondsmen who will charge you only 5% as a down payment, which means that you can pay the rest once you’re out of jail.
You Must Provide a Collateral
In order for your bail bondsman to secure the bail bond, that is, make sure that you will appear in court whenever necessary (until your case is resolved) and that they will receive the full payment, you need to provide them with collateral.
That can be your vehicle, your house, valuable jewelry, or anything else that is worth a considerable amount of money, but it’s usually in the form of property. However, there are bail bondsmen who will only ask for your signature, together with their fee, to get the bail bond process started.
You Won’t Get the Money Back
You won’t receive the money back simply because the small fee you provide will cover for the services of your bail bondsman.
This is different from paying a cash bail to the court (when you would need to pay the full bail amount), as the court would refund the money if you appear in court for all dates until your case is resolved. It wouldn’t refund the full bail amount, though, because it would need to cover for the court fees and fines.
Although you won’t receive back the bail bond money, you’ll save a lot of money in the process, since a bail bond is a very small percentage of your full bail. This is exactly why bail bonds are always a better choice.
If you or your loved one is ever arrested, you should definitely find a bail bondsman who offers signature bail bonds. That way, you would only need to sign a piece of paper and provide a small fee to get back to the safety of your home.