If you or your loved one has been arrested, you may feel confused about what to do next. Fortunately, posting bail is an option, so you don’t have to spend time in jail until your court date. And if you don’t have the funds for bail, you can use a bail bond.
However, numerous myths surrounding bail bonds deter some individuals from leveraging this service. This blog dispels the most common bail bond myths so you can make an informed decision.
Bail Bond Is Costly
The main reason most individuals avoid bail bonds is the cost. However, bail bonds are one of the most affordable ways to post bail.
First, the bail bond fee is a percentage of the total bail amount set by the state. So, for example, if the bail is $10,000, you only need to pay a 10% fee, equivalent to $1,000, to the bail bond company. Additionally, bail bond companies barely consider your credit score when determining the bail bond fee, so you are still eligible for the service even if you have a bad credit score.
If you wish to save more on bail bonds, you can leverage remote bail, which is available in some states. You can post bail without even stepping into a bail bond office with remote bail. You may also take advantage of debit card cash back, where you can use your debit card to finance the bail bond fee.
Bail Bond Is Only Payable by Cash
Most bail bond companies accept cash as the primary mode of payment. However, some are starting to take other forms of payment to make the service accessible to everyone.
For example, you may use collateral to finance the bail bond fee. Collateral is an asset that you can use to secure a loan. If you fail to repay the loan, the lender can seize the asset. The most common collateral used to finance bail bonds includes jewelry, property, cars, and stocks.
Other companies accept credit and debit card payments. At the same time, others accept installment payments so you can pay off the bail bond fee over time.
Bail Bonds Are Available for Everyone
Not everyone that undergoes an arrest is eligible for bail. The judge will determine your eligibility based on your history, type of crime, and flight risk.
If the judge determines that you are not a flight risk and poses no threat to the community, they may release you on your recognizance. However, if you are a flight risk or a repeat offender, you may have to stay in custody until your trial date.
This fact also dispels the belief that bail bonds let criminals out of jail. Bail bonds aim to ensure that everyone is innocent until proven guilty. But first, the judge has to approve that you are fit for this service. And you must adhere to all the terms. Otherwise, you risk hurting your case.
In other words, bail bonds let out individuals that have been arrested and are awaiting trial, but the bail company does not decide who gets the bond and who does not.
There are numerous risks of staying in jail until your hearing. For example, you may lose your job or fall ill while in prison. Bail bonds reduce these risks by letting you out of jail until your hearing.
Don’t let the typical bail bond myths prevent you from leveraging this service. Instead, contact us at Hand in Hand Bail Bonds and let us help you through the process. We offer some of the most affordable bail bond services in town. And you can trust that our bail bond agents will work with you every step of the way.