Categories: Business

What Is Bail Bonds?

Which is a Bail Bond?

If you are charged a judge will decide your bail number. This is the amount of money you’ll need to get out of jail while waiting for your court date. Based on the severity of the felony in which you are convicted, the bail can be a large or a low sum. The main reason for a bail bond is to ensure that when the time comes to go to court you’ll be around.

Bail bonus amounts differently

Often the bail payment imposed by the judge is small enough to encourage you to fund your own bond; but, if it is very large you may need to call a bail bond service. You can pay them a percentage of the bond and a bonding company representative, a bail bondman as they’ve been typically called, or a bondsperson will post the bond so you can get out of jail.official site

For eg, if your bond is $50,000, that will be a relatively significant sum payable for most citizens. A larger bail is usually set for felonies rather than misdemeanors. Very possibly you ‘d give the bonding firm 10 percent of that number, which would be $5000, and they’d post the $50,000. The $5000 you charged to the bonding firm won’t bring you out.

Misdemeanor cases typically do not include large penalties, so financing companies charge around 20 per cent of the bail on this form of fee. If the bail is fixed at $1000 you will just have to contribute $200 instead of $1000 to the lending firm. The bail bond company keeps this as a fee for posting your bond, too.

Need a Bail Bondsman?

It’s not difficult to locate a bail bondman. They ‘re mentioned in the phone book, online and if you’re detained, several law enforcement officers will lead you to one. Since they are also helping individuals together of the facility, many law enforcement officials know them personally. There are usually bulletin boards by the telephone with several business cards with their telephone numbers, which by the way often take day or night calls.

Often the bail bond firm would allow you to get a co-signer who signatures that they will offer up security if you don’t turn up for trial, especially in the case of a misdemeanor. That may be a house, plane, or vehicle worth the value of the bond minus the sum that you charged to the bonding company.

Very possibly a bail bondsman would take a snapshot of you and write down some important detail. This will involve where you work, where you sleep, where you build your vehicle, model number and license number. He’ll always take care of your mates and places to hang out. Your co-signer can even have their image taken.

A bonding company will want to make sure they know about you as much as possible, and that you will make your appearance in court. This is especially important because the bond is set to a large value that if you don’t turn up they will lose a lot of money.