Do you have a close family member or friend in jail? This situation can be very scary and overwhelming. Most people don’t know where to turn. The last thing that you want is to make a bad situation worse than it already is. It’s important to familiarize yourself with the basics about bail bonds and to find a reputable bail bonds service. Signature bail bonds have been helping people out during hard times for decades. A bail bond may be exactly what you gain security for your loved one.
A bail bond is a monetary guarantee for the court that while a case is pending, a defendant will appear in court every single time he or she is ordered to do so. Your loved one has the right to a fair and speedy trial as well as representation with a licensed attorney. Your loved one also has an Eighth Amendment right to bail. An excessive bail will not be required, nor will excessive fines be imposed or cruel and unusual punishments are inflicted. Secure a release as quickly as possible and exercise your rights as needed to get what you deserve.
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In order to purchase a bail bond, typically you’ll need collateral and a premium. In some instances, a co-signer will be sufficient for the bail. However, many bails are so steep that it only makes sense to require collateral. For the collateral, you can use anything that has substantial resale value, such as credit cards, vehicles, cash, or real estate. An agent may also accept a personal item of significant worth, such as jewelry or a computer. You must not sell a major collateral item as long as a bail agent holds the title. Typically you must surrender the item to the agent who will hold it in a secure location until the case has been resolved.
A premium is the amount paid to a bail bonds company. It is similar to the premium payment that you would make to an insurance company. The bail premium covers the services that the bail bonds company provides as well as the financial risks that they assume on behalf of the defendant. Usually the premium amount is 10 percent of the bail amount. It is regulated by the state.
You will get the collateral back upon completion of the court case. The premium is the cost of purchasing the bonds, which means that you don’t get it back. Most bail bonds companies accept cash, checks, and credit cards for the premium. Depending on your collateral, some companies may extend credit so that you can make your payments. If you will need credit, check with the company ahead of time so that there are no surprises.
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The paperwork for a bail bond takes approximately half an hour. Once the jail has received the paperwork, the release time will be around one hour for local police stations and anywhere between three and 12 hours for county jails. The busier the holding facility, the longer the release takes.
When a loved one is in jail, you need personal service. Signature Bail Bond’s around the clock service ensures that you get the help that you need when you need it.