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What Is A Bail Bond & How Do They Work?

Nov 27

You need to get out of jail, but you don't have the money for bail.

The average bail bond in America is $10,000. That's a lot of money that most people can't afford to pay upfront.

A bail bondsman will post your bond and then collect it back from you when you show up for court on the appointed date. If you skip your court date or violate any other conditions set by the judge, they'll keep your entire bond amount as payment for their services.

A bail bond is a type of insurance for low-income people who would otherwise need to stay in jail until their trial. This service enables an individual to take responsibility and equity out of certain property or possessions, such as family heirlooms, cars, the down payment on the house –anything that has value. The bail bondsman pledges to pay the court if the person involved in legal proceedings does not show up for the trial and forfeits his/her possessions.

If you're ever arrested and can't come up with the money for bail, the bail bond becomes your lifeline. A bail agent will post security for you. The bail agent's guarantee to the court is known as a bail bond, which is similar to an insurance policy because someone pays for it in advance that provides their promise of money if you go missing or don't show up for trial.

What is Bail?

Bail is the amount of money that defendants must post to be released from custody before their trial. It is not a punishment. The purpose of bail is just for them to show up for their trial and all the other hearings they have to go to. They get their bail back after it's over, minus a fee in some states.

The idea behind the bail system is to provide an incentive for defendants who are out on bail not to flee or commit further crimes. The money involved can be large, depending upon the crime that lead to the arrest. For example, you might have to post $100,000 if charged with murder.

What is a Bail Bond?

A bail bond is a payment made to the court to give someone provisional release from being held pre-trial for a crime. A bail bond is a contract between the defendant and a third party called the bail bondsman. The accused must repay this fee if they fail to appear in court when they are scheduled to or if they are arrested for another crime while out on bail.

The bail bond amount is determined by the severity of the crime and the likelihood that they will not show up for court. Someone can post their property as collateral to secure a bail bond; however, many people cannot afford to pay this fee and therefore must find someone like a bail bondsman to pay the bond, in exchange for a fee.

If this person does not show up to court on time, or if they commit another crime while out on bail, the bail bondsman has the right to seize their collateral—the money or property given as security for a loan.

What is a Bail Hearing?

A bail hearing is the court's decision whether to release a defendant on bail pending trial or detain them in jail waiting for trial.

To understand these words, we must know the meaning of some basic terms. Let's start with "release" and "detain".

Release: To let someone go from a place in which they're held, especially to allow them to leave the institution in which they're detained or imprisoned.

Detain: To keep or hold someone somewhere until they can be taken to the court or released, for example by holding them in a police station.

When we hear these words, we may think of how someone is being held and waiting for his trial. These people are still very dangerous and could try to escape from this place so the authorities must provide them with security and safety measures. In the court, the judge will decide whether this person must be held in jail or can be let go on bail.

This decision is often very difficult to make because the judge has to consider very carefully all facts of the case and if there is a big chance that this defendant will try to escape from trial or commit another crime while having freedom.

How do Bail Bonds Work?

It's important to know that bail bonds are not free. You must pay the bonding company, which often requires a percentage of the bond amount as collateral. For example, if you were to bail someone out with a $10,000 surety bond, you would need at least 10 percent -$1,000- of the bond amount upfront before your loved one is released from jail or prison.

You may be wondering what happens next. Let's say the bail amount is $100,000 for a murder charge. If you were to put down 10 percent ($10,000) of the total bail amount up front, the bonding company would get your $10,000 and release your loved one from jail or prison on that same day.

How much is a Bail Bond?

If your bail is $500k, the bondsman will need a 10% cash deposit or collateral to post bail = $50k. You will be charged a 10% fee by the bondsman, so it now costs you another $5k for the full amount of your bond.

The total all-in cost thus becomes $55k, or initial investment of ‘$10K’. As long as you return on time before your court date, everything goes back to normal and people can get on with their lives. Failing to comply with the conditions set out in this agreement may result in additional expense and serious consequences imposed by law.

How to get a Bail Bond?

To get a bail bond, you'll need to find a bail bondsman in the county where your loved one has been arrested. You can find them listed in the phone book or online.

You'll need to provide basic information about yourself (name, address, telephone number) and the person who's been arrested. This is so they know whom to call when someone posts bail.

The bail bondsman will ask for information about the person who's been arrested, like their social security number and date of birth.

Once you've completed the paperwork, the bondswoman (or man) will create a contract that states the amount of money that must be paid to get your loved one released from jail.

There are three main ways that people seek out a bail agent:

-Reach Out to Family or Friends - This is probably the easiest way; ask someone that knows someone that does this kind of work.

-Look on Google - You would be surprised at who pops up when researching bail bondsman online. Many individuals will post their services on sites like craigslist or other online boards where people use web advertising (posting ads about goods for sale) to find more customers.

-Contact a Bail Agent Directly - You can call or go into some offices, but beware that it may require getting out of jail first (which means you could lose your job). So if that is not an option for you at the time, then reach out to family and friends instead.

Parting Thoughts

Bail is one of the many obstacles to get through when you've landed yourself in jail. There are plenty of other problems that will face you, but don't let it get out of control or else things may get worse than they already are.

So when you're in jail, don't be afraid to contact a bail bondsman if need be. It may seem intimidating at the time, but a good bail agent will make your life a whole lot easier in these trying times.

Have a friend or family member in jail? Look around online for information on where you can find a bail bonds company in your area. This way you can get them out of jail and back to their day-to-day life before it gets too chaotic.

Thanks for reading this post, and be sure to share it on social media! It could come in handy for someone that needs some additional information about bail. We wish you the best of luck!