Essential Features That You Should Ponder over When Obtaining Bail Bond
You will need to opt for bail bond when you find yourself in a situation that you are arrested, but you aren’t in a position to pay the full bond. The court will have surety bond that will assure that you will be coming to your court trial and gives the court a reason to release you. If you fail to show, it is the duty of the company to meet the full bond amount which is then surrendered to the court. The bonds will vary from crime to another and where you were arrested in that is the location. Below are essential things you should know about bail bonds.
When you enter into a contract with a bail bond company what you agree to pay them it is a must you meet your end. Failure to pay will result to the company suing you in civil court. When the case is over, consider it a civil affair. If the bail bond you agree on will include collateral, there will be personal assets involved. That means if you fail to pay the bail bond as agreed the company can go ahead and own the assets. If there is a surplus after the company sells the property to offset the payment they will pay it back. The company will end up taking you to court if you fail to pay the amount needed to pay and you didn’t secure your situation with collateral.
10% will be at most the charge the bondsman will charge taking into consideration the bond they paid for you when the case is complete. Note the firm does return the collateral when the case is over. But note money is never refunded that is how the bail bondsman makes their living that is even if the charges are dropped.Note that the bail bondsman can revoke the bond. When you might fail to show up in the court, and the company has evidence in such a situation they can revoke the bond. They will protect their best interest by not hesitating to turn you in.
The cost of the bail bonds is one of the things people tend to worry about so much and ask now and then. The cost of a bail bond will depend on the location. The range of the bail bond in regard with the bond the court sets will be 8-10% Take into consideration the bond is $50,000 you will be incurring a fee of $5,000. But some companies might ask for collateral but there won’t be discounts or that is reduced bail bonds.