Bail Bonds: The Cost For Freeing Your Loved One
There are a number of people who do not know happens to people after they have been arrested for a crime, big or small. They think that the process after the arrest is that they will be presented a bail that they will have to pay. However, several of these arrested individuals are unable to pay this bail. For this, they need Middlesex County bail bonds to help them with their funding. Thanks to these Monmouth County bail bonds, people are able to get out of jail without worrying about their finances.
If you, a friend, or family member has been put in jail, you will be surprised to know that you can make use of a bail bond to pay for the bail. This is particularly true in situations where the arrested individual does not have money to pay for his release. As a result, he is unable to get out of jail and be freed from the crime he was arrested for. At the same time, a bail bond will help individuals pay for the bail amount, especially if they cannot afford the entire amount.
But how does one get a bail bond? Who provides it to the individual who was arrested? Is it readily available to anyone or does it require a process? Fortunately, there are now a number of bail bond agencies who work in the behalf of the individual who was arrested. With the help of these agencies, arrested individuals are able to procure their freedom until such time that the scheduled trial arrives.
How does a bail bond work? Unlike loans, bail bonds usually work without the necessity of existing collateral. The agency that has provided the bond money is entitled to collect a certain percentage out of the total amount of the bail. As prescribed by the law, they are able to collect this percentage from you. In return, the agency helps in guaranteeing that you will appear in court to face the hearings, whenever you are required to.
Typically, bail agencies collect a 10% fee out of the total bail amount. Called the bond premium, it is the cost for being able to free a loved one (or you) from being put in jail. This is because the period between being imprisoned in a holding cell and given the proper trial ranges between a few months to a few years. It is not logical for the individual in question to spend all this time in jail. There are other things that he can do as a free (yet limited) man.
The bond premium amount is normally paid upfront to the bondsman. Yet there are some instances wherein a bail bondsman is able to arrange some financing for the premium. The mode of payment for the premium depends on the types approved by the agency under discussion. But generally, they accept cash, credit cards, and even personal checks. As soon as they receive the payment, the bail agent will then arrange for the release of your friend or relative. You will then be able to see them within an hour