Things To Be Aware Of When Working With A Bail Bond Company

26 October 2021
 Categories: Law, Blog

For bail amounts that are set really high, bail bonds are handy resources that those in jail can use to get out. They are often orchestrated by a bail bond company, which you'll have no trouble working with when in this situation if you become aware of these things.

You Don't Get Back the Premium

There will be a premium required to work with a bail bond company, which is a percentage of your total bail amount. You should realize that you won't get this money back, even if you do everything you're contractually obligated to.

The bail bond company gets to keep this money in exchange for putting up the entire amount of bail. As long as you realize this, you won't have any confusion about how this relationship is supposed to go or how much it will cost you in the end.

Have To Pay Full Amount Back if Court Dates Are Missed

One of the most important stipulations of working with a bail bond company is showing up to all of your court dates. You're legally obligated to do this in order to carry out your terms as the defendant that was charged a particular crime.

If you don't show up to these dates, the company will make you pay for the amount that they used to post your bail. If that ranges into the thousands, that would be a difficult hole to come back from. That's why it's paramount you show up to court on these dates each time. 

Amount of Bail Can Vary

The money you have to pay to get out of jail is dependent on a lot of factors. Knowing what they are is important because it will give you an idea of what percentage you'll have to pay to work with a bail bond company. Then you can make the right financial plans.

Factors that can affect the amount of bail that's required include prior convictions, the severity of the crime, number of parties affected, and the potential of being a flight risk. Review these things to figure out how much you'll have to pay a bail bond company before even meeting with one.

Bail bonds involve bail bond companies paying for bail in exchange for a premium and contractual obligations. If you carefully approach this bond process, it will give you the best chance of getting out of jail without having to spend a fortune.