27 Apr Explaining Bail Bonds
When a person is arrested for a crime, he or she will have an arraignment hearing, at which time the judge will announce how much his or her bail is. Fortunately, the individual does not have to pay for bail on his or her own. Anyone can help pay for bail if they wish, though it is not cheap. In addition, a bail bonds company can help pay for bail with a bail bond, which lowers the cost that participating individuals need to pay.
By using a bail bond, anyone paying for the bail will only need to pay 10% of the bail. This 10% is paid to the bail bonds company over a payment plan. The bail bonds company, backed by an insurance company, signs off on the bond and submits it to the court. The defendant is then freed on the conditions that he or she:
⦁ Goes to court when he or she is ordered to.
⦁ Stays out of trouble.
⦁ Makes bail bonds payments on time.
⦁ Obliges to any other release terms and conditions.
Failure to comply with any of these can lead to the defendant being arrested again and held without bail.