The Types of Bail Bonds
Bail agents according to BondCliff will require you to give them collateral to make up for the majority of the total amount of bail, you can either give cash or things such as real estate, however, if the defendant doesn’t appear in court the collateral will be forfeited to the court.
The bond or monetary guarantee is an economic sanction that a judge imposes on a person who is accused of some crime or misdemeanor to the society, depending on the lack, this will be the amount of the bond.
Sometimes the bonds can be very small and we can count on the necessary capital or pay the sum requested to be released on bail, but in other cases the bond can be very high, giving us a hard blow to our personal or family economy, since practically the sum of this bond would leave us without any penny, being able to have the inconvenience until of borrowing, to some familiar or friend and thus of that way to indebt ourselves with this person.
But there is a better way to pay bail, a safe way and that will prevent you from having problems of time and money, this form is the surety or bond agencies. They are companies with experience and staff that is used to this type of situations, which is why it is a way of saving time.
The bondholders acquire the commitment to pay the deposit in their total amount, thus saving money, and saving their economy. These agencies are a great help and the requirements they ask are minimal, in most agencies the percentages of the bonds are 10% of the total bail if the case is state or 15% of the total bail if the bail It is federal in nature. It is a very safe way.