Have you ever been arrested and required to pay bail? Has someone you know been in the same situation? If yes, then you might know a little bit about bail and bonds. However, there are many things that most people don’t know about cash bail bonds and how it works.
Bail is not always refundable
the bail money is only refundable after the final proceeding of the case. However, the refund is not done immediately since the courts have plenty of backlogs to handle. If you had planned to use the money for emergency services, you better look for another income source because the court might keep your money for long. For instance, if you had borrowed the money from someone, you should not promise to pay back the exact day the hearing is over. If a person misbehaves while out of jail, the bail money will not be refunded. Hence, they need to be on their best behavior to avoid being on the wrong side of the law.
The state determines the bond fees
whenever you get arrested, you should know that the state regulates the bail fee charges on suspects. Therefore, do not think that you can talk to the state to pay the amount you could only afford. The judges ought to adhere to all the state regulations when allocating the amount of bail to be paid. A lot of clients think that they can compare deals to get the cheapest. The bad news is that this is dead-end. No one will listen to your complaints since the state has already determined the rates you should pay to be out of jail.
Bail agents help pay the bond amount
A cash bail bond is an amount that can be paid by licensed loan agencies. If you have been awarded a cash bail and are unable to raise the amount, you do not have to worry about staying in jail. Thanks to the availability of bond agencies, they can cover your bail at a fee. The agencies require an individual to pay 10% of the bail amount as agency fees. Once the case is over, the agency can get its money back from the court. However, if the client does not obey the bail’s terms, the agency is bound to lose the money to the court.
A few states have restricted bail services
Whenever you hear about bail, don’t get too excited because your state might not allow you to use the services of a bail bond company. As a result, you will have to remain in jail until your case’s hearing date or pay the money from your pocket-which you might not afford. States such as Kentucky, Illinois, Wisconsin, Maine, Oregon, and Nebraska have restricted private lending companies’ services that offer bond loans.
Reduce risk by not paying all the bond money
If you pay all the bond money and skip the hearing, you risk losing all your money. Such could compromise your financial situation. Therefore, it is advisable to have a bond agency pay some part of the amount. If you skip bail, you will not have a lot of money to lose. The bond agency will lose the largest percentage of the bond amount. If everything goes as planned, the court will refund your money.
Once an individual has been arrested, they have an opportunity to request bail. If they do not wish to pay the amount, they can choose to remain in jail, waiting for the next hearing date. If you or your loved one has been arrested, you already know what you can do to help the situation.