What You Didnt Know About Bail Bond Companies
When you contact a bail professional, you will need to provide the full name, jail location, and booking number of the defendant. Bail agents are on call 24/7 and can meet at the jail or home to post bond. They charge 10 to15 % of the bail amount and need collateral. Collateral refers to property that can cover the entire amount of the bail. This property can include your house, car, etc.
So make sure you only sign this over for someone you know you can trust.
This is important because if the defendant fails to show up for their court date, the bail agent can keep the money and use it to cover their losses. Once the bail agent arrives, they will fill out some paperwork and post the bond. The person will be released within a few hours and must show up for court dates. As long as the defendant goes to court, you won’t lose any collateral to the bail bond agent.
In conclusion, these are some things you should know before working with bail bonding companies. They are in the business of making money, so be aware of what you sign over to them. But if you have a friend or family member in jail, they can be a lifesaver.