Has one of your family members being arrested, and you’re trying to figure out how to get them out on bail? In this article, we explain all you need to know about the bail bonds process. First and foremost, what is a bail bond interest rate, and how does it affect you? Well, a bail bond interest rate is an upfront amount charged by a bail agent. Normally, most bail agents charge you 10% interest in return for their services. However, is not unusual to see bail agents charging a capped rate that ranges between 8% to 10%. The amount they charge you will largely depend on the state you reside in.
On the other hand, bail bonds debt collection is a process of collecting bail money for the bail owed by the defendant by the bail bondsman.
You may ask: What’s better, between bail cash or bond?
Bail can be paid anytime, but in most cases, it is advisable to bail during the trial.
Nothing is better than the other, but each has its own pros and cons. Whatever option that you choose, always know that it will require you to honor your payment.
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Most jails in the United States operate at a 91% capacity since the year 2000. Furthermore, about 52% of American men will be arrested at least one time during their life. If you find yourself arrested or about to get arrested, a bail bond agency can help. According to the Eight Amendment in the Constitution, the government cannot impose excessive fines or bails upon an individual.
When you find yourself in a situation, either in jail or about to go to jail, call a bail bond service to help you out. The way it works is if you post a bond, the bail bondsman charges a fee of up to 10% of the amount of bail. Once the bondsman puts up the bail, the person gets out of jail for less than the full bail amount. There are a few different bonds available. The following guide will help you find the right one for your situation.
Non-arrest Bonds
A non-arrest bond is when the bond is processed before you go to jail. Many cases like this happen when that person is charged with a crime and there is a warrant for their arrest. An example of this is if the person misses a court appearance. If you do have a warrant, it means you can be arrested at any time without notice.
When you have a non-arrest bond, the warrant is lifted and a court day will be scheduled. This way, you do not have to spend any time in jail, which can cause you to miss days of work or other important events in your life. A bail bond company can check if you have a warrant out for your arrest, and if non-arrest bonds are applicable, it can be completed a soon as possible.
Jail Bonding
Jail bonding happens after a person is arrested. This happens when a person is charged with a crime, caught, and brought to jail. As soon as you get to the jail, a bond is set, and you are booked into the system. From there, once you contact a bail bond company the bond can get started so you can be out of jail in a timely manner, depending on the crime you are charged with.
If you have an arrest warrant or know someone who has been arrested, it is important to contact a bail bond company as soon as possible. Non-arrest bonds are available, as well as traditional jail bonding. This will keep you or your loved one out of jail, or stay for the minimum amount of time, depending on how long it takes for you to be booked in and out.