Bail Bonds: The Facts You Need

Until the time that you or someone you care about are arrested

, the concept of bail bonds is probably the last thing on your mind. When you're sitting in jail or waiting for a loved one to be released, however, the importance can be quickly seen. When the judge sets a figure upon delivery of which you can be released, it is usually a sum that isn't easy to come by. Not to say that more lower-income individuals wind up in jail than those who are financially well off, but, well that is just the case. This is where bondmen can come in, cover your sum, and allow you to get back on the street in preparation for your trial. Here are the facts you need.

Bail Bonds

In legal terms, they are referred to as a surety bond, and it is nothing more or less than a contract backed by the guarantee of a licensed bondsman, who is in turn backed by an insurance policy. If you, the defendant, fails to appear at their next court date, the agent is then responsible for the full amount of the set figure. This can be in the tens of thousands of dollars.

Cost

Paying for your own surety can be extremely expensive. In most states, however, bail bonds are not nearly as pricey. Most states place them at 10% of the total bail. These rates are set by the law and may differ depending on where you live. The bondsman himself is not responsible or legally allowed to change the rates. There should be no further fees or hidden charges surrounding the transaction. If there are other fees, you have the right to report the bondsman you're working with.

Payment

The method of payment will depend on which company you choose. Mostif not allwill require you come up with payment in advance. They are usually able to accept most of the major credit cards, as well as cash and checks. Some may have more limited options, of course. Others are in full understanding of a customer's financial predicament, and are willing to provide financing options that can make it easier to come up with the money.

It's important to be cautious when choosing a place for bail bonds. Make sure the company is licensed by the state and operates within the law. If a company is offering special discounts and deals, you need to make sure these correlate with the legal restrictions in your state. Do some looking around and find someone who is known to work quickly.

by: Alfred Ardis

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