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There is no doubt that bail bonds can make the task of bailing someone out of a jail easier, more convenient, and more affordable. However, if you are planning to obtain a bail bond for the first time, there are a few facts that you may not know about the use of these bonds. Taking the time to review these facts can help to ensure that you are making a truly informed decision when choosing to bail your loved one out of jail with a bail bond.

Bail Bonds Are A Type Of Financing

Bail bonds offer you a way to finance the cost of bailing someone out of jail. The money you pay upfront when applying for a bail bond is the fee you pay for this financing service. This means that you will not be able to get this money back once the person has completed their court case. Furthermore, you will be required to sign documents that make you responsible for paying the full bail amount if the person you are bailing out does not show up to court. This is a fact you should definitely keep in mind when deciding whether or not you wish to bail someone out. 

Some Bail Bonds Will Require Additional Collateral

While no-collateral bail bonds are the most common type of bail bond, it is important to note that collateral will be required in some cases before a bondsman will agree to issue a bail bond. This is most common in cases where the defendant is considered a high flight risk or when the bail amount has been set exceptionally high by the court. If a bondsman requests collateral before issuing a bond, you will need to provide real property such as the deed to your home or title to your vehicle which can have a lien placed against it until your loved one's court case has been closed and the bond has been released by the court. 

Bail Bonds May Not Be Available In All Cases

Depending on the charges pending against your loved one, you may be unable to secure their release with the use of a bail bond. For example, individuals who are facing charges of violating their parole or probation may not be eligible for release using a bail bond. Individuals who were already out on bond when they were arrested on new charges may also find that they are denied bond due to their ongoing criminal behavior. Contacting a bondsman before you visit their office will allow you to verify whether or not your loved one is eligible for release using a bail bond. 

Speak to a company like All Star Bail Bonds to find out more.