Going to jail can be an unpleasant if not terrifying experience; especially if it’s something you’ve never been through before. It is in your best interest to get out of a jail environment and back home as soon as possible, and posting a bail bond can help you do just that. Here’s a brief overview of bail bonds: how they operate, and how they can support when it becomes hard. To learn more about the bail bond loans
In order to guarantee a court appearance by a defendant, a judge will set a certain amount of bail for that person. Posting that amount of money with the court helps ensure that there will be a defendant at each and every scheduled court appearance or that he risks forfeiture. The offender will escape the prison setting and return home whilst pending more action in his prosecution, in exchange for posting bail. If a convict does not have sufficient personal resources to cover bail money, he can apply for a bail bond. Here’s how things work:
—Once bail is ordered, the defendant’s friend or relative will contact the bail agent or bondholder to arrange the posting.
—Because the bail bond is indeed a loan, a co-signer on the bond must be present. In general this co-signer must have proof of income to apply, or else he or the convict must be able to provide collateral to fund the bail amount. There must be an understanding between both sides that if the borrower fails to hold up his end of the deal with the judge, the co-signer will be held responsible for the loan.
— The bail agent or bondholder shall receive a percentage of the bail amount set by the judge as the payment.
—If the borrower refuses to appear in court at any point or leaves entirely, it is the co-signer ‘s responsibility to repay the loan in full.
Because of how the system works, it is in the best interest of the co-signer to ensure that the defendant is where he always needs to be. Bail bonds can really help someone out of some sticky situations: after all, it’s never a good idea to remain in jail for any length of time and should be avoided if possible.