You want to know a bit more about bail bonds but have no idea where to start. It can be a tricky subject, and you may not know what sources to trust when reading about bonds.
Don’t worry. We’re here to help!
Jails nationwide contain approximately 742,000 people currently and this article is a quick guide on the opposite; bail bonds and getting yourself, or a loved one, out of lockup.
So, Without further ado, let’s dive in!
What Are Bail Bonds?
To understand bail bonds, one must understand surety bonds. Think of a surety bond as a certificate that confirms a person or party will take responsibility for a debt. This is widely and favorably used in the court system, of course.
Instead of coming up with the total amount of bail that a court has set, one can use a bond instead.
Types of Bonds
There are two primary types of bonds that you need to know, you have your criminal bonds and then your civil bail bonds. It may be easy to confuse the two, but don’t sweat it! We have the types outlined below and their definition is basically in the name!
Criminal Bail Bonds
Criminal bail bonds are applied to one’s criminal case. They guarantee that a defendant will follow a court’s conditions and agree to take part in the following trial.
Civil Bail Bonds
Civil bail bonds, on the other hand, can be used for a civil case. They ensure that a defendant will cover the total costs and fees related to the court’s verdict.
What Is the Difference Between Bail and Bonds?
Contrary to popular belief, bail is not the same as a bail bond. Bail is actually the total amount of money that is owed to a court to allow the release of a defendant. Unfortunately, this is usually an astronomical amount of debt that most can’t afford.
Let’s consider an example of $25,000:
- If one is charged this amount of bail, it means they have to pay the total as a lump sum
- In opposition, using a bail bond takes a fraction of the bail amount
- This is usually around 10% and the defendant would have to use the services of a bail bondsman
- In counting, the bondsman can seek collateral for a bail amount like property, jewelry, and other assets.
How Do I Get Bail Bonds Near Me?
Getting a bail bond in the area may not be the easiest path taken, but it doable when considering all circumstances. The factors can depend on the charge at hand, one’s current financial situation, and other personal dilemmas. To protect against high-risk defendants, bail bondsmen will acquire bonds in the name of the defendant and will require a collateral asset or a co-sign for added security.
Can I Find Bonds in the North Carolina Area?
Of course you can! Lucky for you, we provide bonds to anyone in need of North Carolina bail bonds services. We even offer down payments as low as 5% down. If you enjoyed this article and want more information on the subject, visit our blog and get affordable bail bands today!
