subject: Learning More About The Different Types Of Bail Bonds [print this page] When a person is arrested for a crime, it can be very stressful and unnerving. For an individual who is unfamiliar with the criminal justice system, he or she might find the process perplexing and frightening. For this reason, it is best for the arrested person to know his or her rights and what they can do while awaiting their trial. The person arrested must also understand what a bail bond is, and the different types of bail bonds options available.
Upon the arrest of a suspect, he(she) is usually booked in jail and will wait for the judge to decide if he(she) will be released from prison through the bail system. This means that the suspect will need to pay the court a certain amount of money to gain temporary release from police custody. The court judge will set the bail amount and this typically amounts to thousands of dollars. The purpose of the bail bond is to make sure that the arrested individual will attend all of his or her court trials. When posting bail bonds, the arrested individual must know that there are different types of bail bonds. For instance, he or she can pay the bail amount in cash. If the bail amount only amounts to several hundred dollars for minor crimes then the suspect can easily post bail in cash. However, if the bail amount is set for thousands of dollars for more serious crimes, the suspect may find it hard to collect such amount of money in a short time.
Another type of bail bonds is the secured bail bond. This means that the arrested individual puts up collateral or property in exchange for his or her release from jail. With this type of bail bond option, the suspect will sign a contract agreeing to attend to all of his or her court schedules, trial, and proceedings. This will also involve signing over a property title that is equal the amount of the total bail. Another option is using a bail bonds service. If the bail amount is set extremely high, the arrested individual can use bail bonds services. This involves a third-party bail bonds company who will be posting the bail. Usually, the bail bonds service will require the suspect to pay for 10% of the bail amount while the company pays for the remaining 90%.
There are other types of bail bonds to take into consideration. The suspect has the right to choose which option to use when posting bail.
