Bail bonds play a critical role in the justice system today. As is popularly known, these are basically financial guarantees that let people skip jail time. The person can have a reprieve, but will then need to show up in court. Anyone who undergoes an arrest incurs a bail amount, which when posted (or paid) acts as a guarantee that they are not skipping court, but will undergo the whole proceeding to prove innocence. Bail bonds are arranged by a bail bondsman, and he is the one the defendant needs to make contact with.
Bail bonds fill an important need, and predictably, many businessmen are thinking of the same thing! Without bail bonds, accused people can just skip to the next city, scotfree from any liability, and out of the reach of the law. On the other hand, many have a mouthful to say about bail bond rules and regulations, but for now, many have by far the most agreeable and sensible terms.
Have a look at six good questions to ask when you are sizing up a bail bonds agency:
1. Any chance I could get my money back after the case is over?
Few exceptions exist, but there is no chance to get the premium back after posting it at the bonding office. This fee removes the defendant from undergoing being in jail, and once the defendant is no longer in custody, the fee is said to be fully earned. One way that the accused could earn a refund is if the bondsman fails to live up to the contract.
2. What does the bail process entail?
A shrewd bail bondsman must know how to explain everything in a plain and simple way. There is no business to do with a bond agent who is struggling with bonds rules and regulations.
3. How soon could I (or a family member) be out of jail?
No surprises here; bond agents have no control over when a detainee could be released. Paperwork and procedures could be fulfilled as fast as possible, yet the jail still decides as regards release.
4. What is your Better Business Bureau membership rating?
It’s worthwhile for a bail bonds customer to make contact with the BBB and see if the business has pending complaints. Any agent can claim whatever score they want, but there is no way to avoid the BBB rating.
5. What percent of the bail needs to be paid off to make a bond?
Reliable bail bond agent will offer 10% of the set bail. However, a bond agent who acts keen to secure a five percent deal may likely want only a quick contract (and a fast buck). Steer clear of agents that don’t comply with industry standards.
Moreover, in some states the bond fee is already fixed, and those who charge otherwise risk violation of local laws. Naturally, some bond agents are amenable to a payment plan for larger premiums.
6. What are the options for collateral?
Any valued, real property owned by the cosigner is valid collateral. Examples of collateral are a contingency mortgage on real estate, or a car title.
It’s really comforting to work with a bail bonds agent that offers transparency and honesty. It is worth spreading the word on bail bondsmen that are smart and up-front with your current financial capability, gaining the release of the defendant as promptly as possible.