A bail bonds company’s mission is to provide clients with a secure and timely release from prison before their court date. The last thing you want to do if you or someone you know is to stop living and stay in prison. When anyone is arrested, though, you can feel unable to pay the bail; this is where a bail bondsman can help. Feel free to visit their website at Freedom Libertad Bail Bonds¬† for more details.
When you are arrested, a bail bonds firm can assist you in getting out of jail by charging a percentage of the overall bail amount, which is usually 10% in most states. You may compare bail agencies based on their licence status, experience, and whether or not they are able to provide some form of funding when determining which one is better for you. You should also understand their availability of assistance and whether or not they have no-collateral bail bonds.
Whether or not a corporation is allowed to do business in your jurisdiction is an important factor to consider when selecting the right one. When choosing a bondsman, make sure they are certified and have a good reputation in the region where you need help. The majority of bail agents are licenced by the state department of insurance. You should be able to verify the status of your licence online.
The experience of a bondsman is also important when deciding which bail agency to use. A more seasoned bail bonds firm may be able to expedite your release because they are more familiar with the prison system and the paperwork involved. A bondsman with a long history is more likely to be able to write larger bonds, and the durability of the company will give you more trust.
When choosing which company to use for your bail bond needs, you can consider financing and payment options. Finding a bondsman who accepts cash, check, or credit cards may be your top priority; however, other companies may provide financing, loans, and other payment options to help you make bail more affordable. Don’t be misled by low advertised bail fees; you’ll almost certainly be faced with an expensive finance package that you won’t know about until you sign the deal. If you need to make deposits, make sure you find a bail agent that doesn’t charge fees or interest.
Collateral is another factor to consider, which may or may not be needed. If the bond requires collateral, it is up to the bondsman to decide. Most would demand collateral that is equal to or greater than the bond’s value. In the bail industry, a typical amount for collateral is one hundred fifty percent (150%) of the bond. If the defendant fails to appear in court and has to be located and re-arrested, collateral protects the corporation. The most common type of collateral is real estate (meaning your home). Most people, understandably, don’t want to sign their house over to a bail bond company, particularly because many people don’t have much equity in their homes these days. There are bondsmen who can supply bail bonds with no collateral. If it’s important, make a point of finding it.