Can You Get Your Money And Collateral Back From A Bail Bondsman?

When you need a way out of jail and cannot come up with all the bail money, where can you turn? Most people turn to their friends and family first. If that does not solve the problem, they turn to a bail bondsman. Utilizing the services of a bail bondsman offers a solution to this problem, but it is not free. You will pay fees for the service, and you can pay the fees in cash or collateral. Some people even use a combination. If you use this service, you might wonder if you can get your money and collateral back. You might be able to if you handle the situation properly, and here are a few things to understand about the fees and collateral you give to the agent that assists you.

Why Agents Require Cash and Collateral

The first thing you might wonder is why you need cash and collateral to hire a bail bond agent. A bail bond agent helps people get out of jail, but they need to make money offering these services. Therefore, they charge a fee for their work. The fee basically covers the loan they offer a person who needs help with their bail. If you do not have the cash to pay the fee, they will accept assets, such as a car title, jewelry, or guns. You can talk to them about what they accept, and you will have to give them what they ask for if you want them to pay your bail.

How To Get It Back

One thing to understand is that you cannot get the money back that you pay the agent for the fees. They keep this money as their profit from offering you a loan to get out of jail. You can get the collateral back, though, but it might take a few months. You will need to go to your court hearings and follow through with your criminal charges. The court might have requirements you must meet, and the bail bond agent might, too. If you comply with these things, the bail bond agent will return the collateral when the court releases your bail money.

If you need help getting bailed out of jail, you can contact a bail bonds agency in your area, such as Steele Boys Bail Bonds, for help. They will tell you how much cash and collateral you need, and you can provide it to them if you decide to hire them.