Breaking Down Major Myths About The Bail Bond Process

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Breaking Down Major Myths About The Bail Bond Process

5 November 2020
 Categories: Business, Blog

If you find yourself or a friend has been arrested and is currently in jail, it is essential to know how to get out of jail efficiently. The best way to reduce the time you spend behind bars is by getting out using a bail bond. It is essential not to let myths about the bail bond process hamper your efforts to secure your freedom.

Myth #1: You Have to Pay All the Money Up Front

Many people believe that when it comes to getting a bail bond, they will have to pay the entire fee up front. Even though the bail fee will only be a portion of the total bail amount, you don't have to pay it all at once.

Many bail bond companies are more than happy to work with you on a payment arrangement. With a payment arrangement, you will have to pay a portion of the bond premium up front, and then you will be able to make regular payments over time until the full amount is paid off. Bail companies understand how important it is to secure your freedom and how tricky it can be to save up money, and therefore many companies offer payment plans.

Myth #2: Collateral Is Always Required

Next, many people wrongly believe that collateral is always required when you post a bond. However, that is not true. There are two types of bonds: a secured bond and an unsecured bond. 

A bond company is going to look at your credit history and your residency history. They will look at how long you have lived in the same place and how well you pay your bills. They can take the information of a co-signer into account as well. If that information is satisfactory, you can get an unsecured bond, which means you will not have to pay collateral.

The company may also consider the type of crime you committed when determining if you qualify for an unsecured bond. If you don't qualify for an unsecured bond and have to get a secured one, you will need to put down collateral. 

Myth #3: A Bail Agent Can Reduce Your Bail

A bail agent can help pay your bond and secure your release. They cannot reduce the amount of bail that you have to pay. The bail amount you pay is controlled by either the bail schedule you live on or the court magistrate. It is not something that the bail company themselves has any control over. If you want a lower bail amount, you need to take that up in the courtroom. 

When it comes to getting out of jail on bail, don't operate on misinformation. If there is something you don't know as a fact, ask your attorney or the bail bonding service. They will provide you with the information you need to make smart decisions.