If you ever find yourself or a loved one in trouble with the law and arrested, you will probably want to act quickly to avoid sitting in jail. A bail bond can help get you out of jail until your court date, but it is important that you understand how they work.
Bail bonds are furnished by licensed bail agencies. These agencies charge a percentage of the bail amount, which usually saves the arrestee and family members money. It is common for the arrestee or family members to use a bail agency when the full bail amount is unaffordable, or when the arrestee lives out of state and does not have anyone to pay the court or jail directly.
If you co-sign for a bail bond, you become responsible for the arrestee and ensuring that they show up for court. You may be held financially liable if the arrestee misses court and the bail agency has to revoke the bond and place the arrestee back into custody. In some instances, collateral may be requested to ensure that the arrestee shows up for all court appearances. Once a bail bond is paid, it will be delivered to the court or jail so that the jail release process can begin.
Once all of the court dates are over, any collateral that was used to secure the bail bond will be returned.
A bail bond can be a useful things, as long as you know how to use one properly.