For a family member who is stuck in jail, every minute can seem like an interminable hour. If you are contacted to help them get out of this sticky situation, you may need to come up with a large amount of money. If you don’t have this amount immediately on hand, you can work with a local company that offers bail bond services. This company can get you the full amount of bail that you need for a small fee. Once you have gotten your family member or friend out of jail, you will need to repay the bond at a certain time in the future.
Is collateral needed to get the bond
When it comes to bail bond services every company and every situation is different. Some companies may require collateral while others won’t. The fact is that most bail bonds only require a signature to be binding. Many companies want to offer the fastest bail bond services they can and so they won’t make the requirements overly stringent. In this way, it is easy to get the bonds that are needed to free your loved one as soon as possible. In order to adequately assess the risk factors involved, the company will look at the length of time employed, the length of time at the residence, credit rating, the type of crime, and other factors.
How much does a bail bond cost?
The cost of a bail bond is usually about 10% of the loan. So if the loan amount is $4,000, the fees paid may equate to $420 or $430. This could also be higher or lower depending on the company providing bail bond services. The fee is referred to as the premium and is a non-refundable amount. When considering whether or not to go with a particular company, it helps to compare fees so as to ensure you are getting the best possible deal.
Doing your part
It can be stressful to see someone you really care about stuck behind bars. If you are in a position to help them by finding the best bail bond services, then you can do your part to assist them with being released from jail as they await their court date. However it is important to be aware that by taking out the bail for them, you are responsible to make sure that they appear in court.
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