Essential Features That You Should Ponder over When Obtaining Bail Bond
Bail bonds are vital to consider when you get arrested, and you can be able to meet the full amount of the bond. As the defendant you will be released for the court will have surety bond that you will be showing up for your trials. That means if you fail to come to your trial, the firm must pay the full bond that is forfeited 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.
When you enter into a contract with a bail bond company what you agree to pay them it is a must you meet your end. The firm will sue you in the civil court if you don’t meet the agreed payment in the contract you signed. 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. That means if you fail to pay the bail bond as agreed the company can go ahead and own the assets. 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. The bondsman will not return the money that is how they make their money to meet their bills that is even if the cases happens to be 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 option remains to turn you in to protect their interest.
The cost of the bail bonds is one of the things people tend to worry about so much and ask now and then. 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. That means if you are having a bail bond of $50,000 your case you will be most likely asked to pay $5,000. No discounts or reduced bail bonds if the firm bailing you asks for collateral.