Helpful Tips To Save Money For Retirement

« Back to Home

3 Things You Need To Understand About Bail Bonds

Posted on

Finding out a loved one is behind bars can be distressing enough, let alone trying to figure out how you are going to get them out and back home with you. Just the thought of trying to navigate through the court system and come up with all of that money can be stressful and overwhelming. Thankfully, you don't have to worry about handling everything on your own. If your loved one was already granted bail and given a dollar amount, you can turn to the help of a bail bondsman to get them out of jail quickly and easily. Here are a few things you need to know about bail bonds before heading to the jail.

You are signing your name indicating you accept responsibility for the other person.

When you hire a bail bondsman to bail your loved one out of jail, you are the one accepting the responsibility for the other party. That means that the other person needs to go to all of their court hearings and sentencing or else the bondsman could come after you to collect on the full bond amount. If you trust the individual and know they are going to do what they should, this shouldn't be an issue. However, if they skip out on hearings, the bondsman is going to come knocking trying to figure out what went wrong.

They allow you to get someone out of jail for a minimal fee.

One of the best things about using a bail bondsman is that you don't have to pay the full amount of the bail to get your loved one back home. The bondsman will issue what is termed a surety bond and take a nominal fee from you in return. This allows you to save a significant amount of money off the total cost of the bond.

Your collateral could end up being taken from you.

If you don't have a lot of cash to put on the line, the bondsman will often take some form of collateral to help reduce the amount of cash you have to pay. Whether it be a car, land, house, fur or jewelry, it is important that you understand that your items could become the property of the bondsman if the other individual fails to do what they should in showing up to court.

Once you know and understand what it is that you are dealing with, you can make a more informed decision about hiring a bail bond service like A+ McCoy's Bail Bonding.