What is a Bail Bond?
For a person or someone who gets into trouble with the law, bail bonds can be a great subject of interest. If that person or someone gets arrested, posting a bail is the only way out of prison until their court date. Simply put, bond is the sum of money posted which is also used as guarantee that the accused used that he or she will show up on the scheduled trials in front of the judge and juries.
Typically, the amount of cash is more than what the average person has on hand and because of this, several bail bondsmen are taking over to cover the cost of fee. Following are some of the frequently asked questions about this subject or service.
Question number 1. How much is the fee – as a matter of fact, the fee for bail bond differs from the company that you are talking to but the charges to post bail is oftentimes 10 to 15 percent of the full amount.
Question number 2. How does an individual find a company – actually, there are a number of ways that can assist a person to find companies that are capable of posting bail on their end. Among the two most used sources are yellow pages and the internet, which most likely have enough listings of businesses that are offering such service. Truth is, many of these businesses are even open 24/7.
Question number 3. Are there benefits to this kind of practice – for the person who is accused of the crime, this time out of jail allows them to keep on working to generate the income they need. Additionally, it’ll give them enough time to find a legal representative and make plans to defend their case. The company puts up interests on the base amount of the loaned cash from the clients, which is their primary method of generating profits.
Question number 4. Will this be useful with overcrowded jails – these days, jails become so crowded that a lot of the locales turned into tents to house inmates. In reality, this is causing a big dent on the taxpayers money by feeding, housing and clothing incarcerated inmates. If for instance that the person is not proven guilty yet, then what is the reason to lock them up? Doing instant imprisonment only contributes to the problem rather than solving it which can additionally cause trauma to the accused and their family.
Question number 5. Is the fee refundable – fees that are charged by bailbond agents are non refundable no matter if the person is guilty or not.