Solidifying A Better Future For My Kids
What Are The Basics Of Court Bail Bonds?
Jackie Watts
The cash to get a loved one out of jail is something that a lot of people don't just have sitting around, especially if the amount is really high. If your loved one was recently arrested and the court puts up a bond amount for their release, you may not know what that even means. This article will take a closer look at the basics of bail bonds to help you feel a little bit more informed. Read on to learn some more basics.
What Is Bail?
Bail is a dollar amount set by the court to release your loved one so that they can go back to work and be with family. If your loved one returns to court on the day of their trial, the money is returned to them. The reason why the court sets a dollar amount is so that your loved one is less likely to flee and run away. The set amount is used as an almost guarantee that they will come back to court for their next court date.
What Is a Bail Bond?
As previously mentioned, a lot of families don't have the cash in their accounts to place bail for their loved ones. A bail bond is a service that allows you to usually pay a company 10% of the amount of the bond and then collateral. So, for instance, if your loved one's bail was set at $10,000 you would have to pay $1,000 and the bail bondsman would post the remaining $9,000. Then, you would also have to post some collateral that equals that $9,000 just in case your loved one does flee and doesn't show up to court. Collateral is usually a title to a house or car.
What If Your Loved One Loses Their Case?
The good thing to know about bail bonds is that they aren't dependent on whether or not your loved one wins or loses their case but rather on whether or not they show up to court for their case.
Can I get My 10% Back?
No. The 10% amount that you pay is a fee that is non-refundable by most bail bond companies because it's how they stay afloat.
There is a lot of basic information to know about court bail bonds if you think that you need one for your loved one. As you can see, court bail bonds are helpful for people and are pretty straightforward so that you don't have to worry about too much information or being misled by anyone. Visit websites of bail bond agents to get more info on this process.
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One day a few years ago, I was forced to take a good, hard look at my finances. I realized that my husband and I were living outside of our means, and I knew that we needed to make some changes and fast. I started looking for ways to spend less money, and I was able to completely eliminate some of our largest expenses. It was a lot of work, but it really helped us to feel more free financially. This blog is here to help other people to spend a little smarter and to avoid the hassles that come along with spending more than you have.