Factors to Note When Getting 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. That means the court surety bond will allow you as the defendant to be released with an assurance that you will be showing up for your court trial. 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.
Ensure you comply to the terms of the contract you sign with bail bond firm that is the agreed amount you are to meet you should see that you pay it. Failure to pay will result to the company suing you in civil court. If the criminal case is done, it is a civil affair. In this situation, if your bail bond contract was including collateral, means there is involvement of assets. The ownership of the property will fall on the hands of the bail bond firm if you fail to meet the payment agreed on the contract. They will use the property to offset what you owe their firm and if there is any surplus they will pay you back. Note that if you have to collateral to secure you will find yourself facing charges in the court.
When the case is over the bondsman will charge you most likely 10% of the bond they paid for you. On the other hand, if you had collateral it would be returned. But note money is never refunded that is how the bail bondsman makes their living that is even if the charges are dropped. It is of essential to note that the bondsman can be in a position to 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. The company will not waste time to protect their interest that means they will turn you in.
One of the question that individuals always ponder over is how does the bail bonds cost. Understand that the bail bond cost will be influenced by with the location you are. The bail bond cost will range from 8-10% of what the courts do set. 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.