Every day, there are around 2.3 million inmates in jail. While many are in for serious crimes they’ve definitely committed, others are possibly innocent or have just made a simple mistake.
If your loved one is in jail, then it might be a scary time for your family. But you can always post a jail bond (or a bail bond) to get them out quicker.
What is a jail bond? And how does jail bond work? Read on to find out!
What Is a Jail Bond?
A jail bond is a sum of money you can pay to get out of jail. However, this doesn’t mean you’re cleared of the crimes you’ve supposedly committed.
Instead, it allows you to go home and wait for your court date instead of waiting in jail for it. As you can see, it affords you better safety and comfort before you have to go to court.
Do note that if you have a repeated history of crime, your bail bond might be higher or you might not be granted one at all.
Jail Bond Types
There are actually several types of jail bonds, but only 2 are really used: cash and surety bond.
As the name suggests, a cash bond is where you use cash to pay for your bail bond. This is usually favorable in cases where your bail amount is pretty low.
Surety bonds are where a bail bondsman such as kissimmee.bail2go.com pays the bail for you. This allows you to get out of jail, even if you don’t have the funds for it. The bondsman will usually charge a percentage of the bail (usually around 10%) to make a profit.
How Does Jail Bond Work?
Typically, if you need a jail bond, you’ll work with a bail bondsman, especially if you can’t pay it in full yourself.
After your arrest, you’d contact a bondsman immediately. The good news is, they’re open 24/7 since they understand arrests can happen at any time.
You’ll discuss the contract (which involves terms, fees, and collateral, which ensures you won’t flee when released) and then sign it. This can usually be done electronically to expedite the process.
Once the contract is signed, you’ll be bonded out of jail by the bail agent. They’ll be given all the pertinent information surrounding your case, such as when your court date is.
If you don’t show up to your court date, then the bail agent has to pay the full amount of bail to the court. In addition, you’ll lose your collateral.
They’ll also hire a bounty hunter to track you down. If they’re successful, you’ll be put back in jail.
Get Your Loved One Out Sooner
Now you know the answer to the questions: what is jail bond and how does jail bond work? If your loved one is currently in jail, you can use this knowledge to get them out sooner. And you can also use this information to get yourself out of a sticky situation in the future!
Want more interesting reads? Then browse the rest of our blog now