Few things are more shocking than getting a phone call in
the middle of the night letting you know that a family member has been arrested
and needs your help to get out of jail. No one plans on having to help someone
with bail and this is especially true when it comes to financial matters.
Depending on the reason for the arrest, a bail bond can be expensive and
require a significant amount of money up front.
If you work with a bail bondsman, they will charge a premium
in exchange for agreeing to pay the entire amount of the bond. This amount is
determined as a percentage of the total bond amount. In most states, this
percentage is set by regulations. For example, in California, bail bondsman
must set the premium at 10 percent of the total bond amount.
Bondsmen are not allowed to charge more than this and cannot
give a "discount" to clients.
You may visit Bail Bondsman San Antonio to get more information about Bail Bonds.
So what do you do if you need to secure a bond but don't
have the cash on hand to pay the premium? One answer is to use collateral.
This is essentially giving control of a physical asset to a
bondsman as assurance that the person who is receiving the bond will make all
of their court dates and fulfill all of their legal obligations.
Certain providers of professional bail bond services will
accept collateral in lieu of monetary payment to cover the cost of a bail bond
premium. In addition, a judge might also allow the court to accept collateral
instead of money to cover bail if you are working directly with the court
system to arrange for bail.
Using collateral to pay for bonds seems like a great idea if you trust the person whose bail you're posting. If they decide to run, or miss any of their court appearances, you could lose whatever it is you've given as collateral. Sometimes, it's the only option, while others, it's a way to potentially save money. That being said, choose wisely before putting things up to pay for someone's bail. http://aldapaulinebailbonds.com/
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