What To Know About Bail Bonds

Bail bonds are something you probably don't think of until you or a loved one has been arrested. If bail is set beyond what you can afford, a bail bond agency can help. Bail bonds allow you to pay your bail quickly, but there are a few strings attached. Knowing what you are getting into before working with a bail bondsman is crucial. Here's what you should know before looking at bail bonds in your area.

How Bail Bonds Work

The first thing to know about bail bonds is what they are and how to get one. Bail is a sum paid to get out of jail until the court date. The bail amount is set by the court and can vary depending on the charges. A bail bond will likely be your best bet if the bail amount is too high to be affordable. A bail bond agency will post your bail for you; in return, you pay a percentage of your bail. While this fee is non-refundable, paying it allows you or your loved one to get out of jail and back to everyday life while waiting on a court date. 

How Much Bail Bonds Cost

Another thing to know about bail bonds is how much they cost. What you pay for a bail bond will depend on how high the bail is set and other factors. The more severe the charges are, the higher the bail will be set. A bail bond agency will post bail for you, but in return, you pay a fee that amounts to 10 to 20 percent of the bail amount for this service. In many cases, collateral, such as a bank account or property, is also necessary to obtain this service. 

They Aren't An Option In Every State

Bail bonds are an excellent option for many, but it's important to note that they aren't available in every state. Some states have outlawed the use of private bail bonds, and if you live in one of these states, you will have to find a different method of posting bail. Some alternatives may include payment plans for the bail and signature bonds. If you think a bail bond may be necessary, consider whether it's an option. 

There are a few things you should know about bail bonds. First, knowing how the process of getting a bail bond works is vital. Second, you will pay a portion of the bail amount as a fee to obtain a bail bond. Finally, while bail bonds can be very helpful, they aren't available in some states.  

Contact a company like All Star Bail Bonds to learn more.