When an arrest occurs where a person faces charges, they might need to post bail. Agents provide bail bonds to those who are unable to afford the cost of bail by themselves.
Payment Plans Are Available
Even with a bail bondsman's assistance, those arrested for allegedly committing crimes might still need to pay out a large sum because of the charges they are facing. For example, if a judge sets an individual's bail at $100,000, and the bail bond agent requests 10 percent of the amount, that person would still need to pay around $10,000 to the bail bond agent. To make it possible for the individuals to get out of jail, even if they do not have the exact amount of cash requested, a bail bond agent will typically offer a convenient payment plan. The person facing charges must sign an agreement and follow the rules included to avoid having their bail revoked. If they do not make any of the required payments when they are due, the individual may end up right back in jail.
Some People Are Eligible For Bail Sooner Than Others
After an arrest, some people can immediately get in touch with the bail bondsman, while others may need to wait until they see a judge. The people who can bond out rather quickly with help from a bail bondsman are often charged with petty, minor crimes. However, those accused of crimes that include physical assault, murder, and the use of weapons may need to wait until they are in front of a judge where the judge will ultimately set bail.
Most Bail Bondsmen Will Accept Different Forms of Collateral
Not many people spend time preparing for what could happen if they get arrested for a crime, which means they might not even have the amount of money that the bail bondsman is requesting from them to get them out of jail for the time being. The bail bondsmen understand that different people have different situations, some of which are worse than others. That is why they often accept various forms of collateral to get bail posted for their clients. Some collateral options include properties, vehicles, and valuable jewelry. Anyone who does not have the money to pay the bail bondsman directly should speak to the bail bondsman about their collateral options.
Everyone should know these crucial details about bail bonds. The bail bond agents typically offer payment plans and accept different forms of collateral. While some people are eligible for bail a bit sooner than others, the bail bond agent is there to assist anyone at any time, regardless of the charges against them.
To learn more, reach out to a local bail bond agency.
Share19 October 2020
One thing I have always been good with is money. Even in high school, I always had a savings from my allowance and from working for the neighbors. I created this blog to help other young people understand the importance of financial responsibility even at a young age. If we start our adult lives knowing about financial responsibility, we can make it further in our lives before we suffer from the devastation of financial mistakes that can take years and years to pay back. Hopefully, what you learn here will help you avoid those financial mistakes and maybe help you recover from the ones you've already made.