Posted on: 11 October 2016
There is nothing that can disrupt your life much more than getting put in jail. In most cases, you will be locked up suddenly, with no warning, and you are left dealing with loose ends, missed time from work, and a lot of worry.In these situations, when you don't have the money to pay your own bail to get out of jail, quick bail bonds can be a good option. If you don't have a lot of experience with the legal system or bail bonds in general, you will definitely want to know more. Here is a look at a few of the most common questions and answers about quick bail bonds.
How does a bail bond work exactly?
If you seek a quick bail bond, the bonds service you work with will be essentially paying a percentage of your bail so you can go ahead and get out of jail. By accepting a bail bond, you are entering into a contracted agreement to show up for every following court date and repay the amount borrowed by a specific time frame. In a lot of cases, bail money is reimbursed once the case comes to a close, but maybe not fully due to fines and other court charges. Bail bonds companies do charge a percentage of the bail amount as a fee as well, so you will be expected to pay the full amount of the bail borrowed plus the fees accrued.
Will you have to supply some form of collateral to stand good for your bail bond?
Whether you will or will not have to supply collateral to get the bail bond you need will be up to the specific bond company you choose to work with. Some will require collateral if yoru bail is a substantial amount. Some examples of personal things you can put up as collateral for a bail bond include:
- vehicles, including motorcycles, boats, or ATVs
- your home
- a piece of land, such as a section of your own property
- luxury jewelry, electronics, or artwork as long as you have a certificate of appraisal
What happens if you cannot repay your bail bond?
If something happens and you cannot repay the amount paid for yoru bail bond, whatever property you put up for collateral (if you did so) would automatically be forfeited to the bonding agent. The bonding agent (like those at Chesterfield Bonding) can also work with the court system to revoke your bail if you do not pay, which would often result in a warrant for yoru arrest.Share