Friday, July 1, 2016

Get to Know Some Common Types of Bail Bonds

If you or your loved one is arrested for a minor charge, your primary concern is to be released from jail as early as possible. One viable option is to get a bail bond. If you do find yourself in this situations, knowledge about the different kinds of bail bonds will certainly come in handy. One of these can be selected based on the type of charges pressed and the decision of the court.

Cash Bond

A cash bond requires the arrestee to pay the full amount of bail in cash; however, some courts may also provide the option to pay by credit/debit cards. It is common to find that some judges set huge amounts if there is a doubt whether the accused will show up for the hearings. When the accused attends all hearings, the cash bond amount is returned to the person who made payment.

Property Bond

If you do not have sufficient cash and do not want to involve a third party, you can choose a property bond. The court then claims all the declared property and holds the right to forfeit it if the accused fails to appear for the court proceedings.

Surety Bond

This bond is usually used when the accused is unable to pay the bond set by the judge. A person close to the accused then takes the help of a bondsman from a surety company, who appears in the court and takes the responsibility of paying for the bond. The bondsman then charges the accused or a relative a premium or collateral.

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