Bail Bonds Process
Individuals accused of a crime remain in jail until their court hearing or are released on bail. The latter is the ideal option for defendants. For that to happen, they need to post bail.
Bail functions as insurance between the court and the defendant. Defendants may pay their bail in cash, but not everyone has the means to do so. Moreover, bail amounts can reach tens of thousands of dollars. Some defendants are unable to post bail by themselves.
Defendants who can’t make the bail amount turn to a bail bond agent for help.
Defining Bail Bonds
A bail bond is a surety bond that secures a defendant’s release from jail. It has two types:
Non-Appearance in Court
If the defendant fails to appear in court, they forfeit their bail bond, and a percentage of their initial payment will go to the bail bondsman. The bondsman will also use the defendant’s collateral (jewelry, house, and stocks) to settle the remaining bail amount.
Understanding the Bail Bonds Process
Defendants who use bail bond services must pay 10 to 15 percent of the full bail amount. The bail bondsman will then post the bail in full and get their client out of jail. In some cases, the bail bonds service will secure the rest of the bail amount in the form of collateral.
If the defendant doesn’t have enough collateral, the bondsman will reach out to their families and friends for financial assistance.
Bail bond services take risks on the defendant by promising the court the latter will appear for their hearing.