What Is a Bail Bond and How Does It Work?
Posted on Jun 6, 2014 9:44am PDT
After individuals are arrested, they oftentimes have their bail set by a judge. Bail is a sum of money that, if paid, will secure the inmate's release from jail while his or her criminal case is underway. As long as the defendant shows up for court and follows any other conditions attached to the bail, the money will be paid back.
For most people, paying the full bail amount is simply not a possibility. This is why bail bonds exist. A bail bond is essentially a document that serves as a written promise that a certain party will pay the bail amount if the defendant does not appear in court as ordered.
How much will I have to pay?
When an arrested individual goes through bail bond agency, that person or his or her friend or family member pays the agency a percentage of the bail total in exchange for the agency's promise to pay the bail amount if required.
Collateral and/or securities are sometimes required before bail bonds can be issued, as this shows that the bail bond applicant will be able to repay the bail bond agency if it suffers any losses. There are many different types of bail bonds that people can obtain. Bail bonds can be obtained for various types of bail, including:
Get A Quote Right Now!
If you need to secure a bail bond either for yourself or for a loved one, you can turn to our licensed professionals at 365 Bail Bonds. At our Osceola County bail bonds agency, we can help you take the right steps for securing the bond you need. Our team, which serves the Orland metropolitan area, is available 24 hours a day, 7 days a week. Contact us for a free consultation!