What To Do If You Need A Bail Bond
Although a fairly common term, there are still many people who are unsure of what a bail bond actually is. Life can be unpredictable though, so it is a good idea to familiarize yourself with the concept in case you or a loved one ever need one.
Before you can learn what a bail bond is though, you first need to understand what bail actually is. When you find yourself placed behind bars after being accused of a crime, you naturally will want to get out of there as soon as possible, and the only way to do this is to be granted bail. Instead of being held in jail to ensure you show up to court on the specified date, you can instead pay a sum of money to the court to show good faith. After fulfilling your commitment and showing up at your court date, the bail money is then returned to you. Since the court is very interested in having you actually show up to your court date, bonds are usually set quite high, which is why most people require the use of a bail bond.
A bail bond is used as an alternative to cash in order to make your bail. Perhaps unsurprisingly, the people who facilitate these bail bond services are known as bail bondsmen. Bail bondsmen are a popular option because for a 10% fee they will post your entire bail, allowing you to get out of jail for a much lower monetary commitment. Then, after you appear in court and the bail amount is returned, that money goes back to the bail bondsmen, but they still keep the 10% you initially paid them.
They will only get their money back though if you do actually show up in court, so they will require more than simply paying a 10% fee. Generally, collateral of some sort will be required so they can be sure that they can be assured they will get their money even if you do not show up to court. Usually people put up a mortgage as their collateral, either their own or a family members, since that is their only asset large enough to cover the entire bond.
No one wants to be in a position where they need a bail bond, but sometimes, unfortunate events occur. They let you spend your time going about your normal life until your court date instead of having to sit in jail, and give a guarantee to the court that you will show up when you are supposed to. Hopefully this article has given you an understanding of how bail bonds and bondsmen function should you ever need to utilize one.
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