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Whether you’re new to bail bonds or have been using them for a while, there are a few helpful tips to remember when finding the best ones, like Lackawanna County bail bonds, for your needs. One tip is to avoid a bail bonds company with a defense attorney.
Cheap Bail Bonds May Not Be The Best For Your Idea
Choosing a bail bond agent is one of the most important decisions you will ever make, and choosing the right company can make or break your incarcerated loved one. Research and discover what you are getting into before agreeing to go the distance. It’s also a good idea to do comparison shopping for the best rates. After all, you want to avoid finding out you’re paying a quarter of a million dollars for a bail bond. Several sites let you compare rates, read customer reviews, and even provide a free quote. Once you find the perfect bail bond company, you can relax and enjoy your free time, knowing that your loved one will be on the way home in no time.
Collateral To Secure A Bail Bond
Having collateral is essential when applying for a bail bond. Collateral is used to help people who need the cash to pay their bond fees. However, it can also be confusing and complicated. Collateral can be anything from money in a savings account to physical property.
The most common type of collateral is real estate. Real estate has a high value and tends to keep its value over some time. It is also easy to collect. However, real estate is only sometimes accepted as collateral.
Other types of collateral include jewelry and vehicles. However, it is essential to determine if these items are worth the money you will need to pay the bail bond. Using jewelry as collateral can be risky since the value can change rapidly.
Another type of collateral is a credit card. A credit card is an easy way to secure a bond, but the card’s value may need to be increased to cover the bail amount.
Getting Your Collateral Back After A Bail Bond Is Signed
Getting your collateral back after a bail bond is signed can be tricky. The court often seizes the collateral when the defendant fails to appear. The court can also seize the collateral to pay for unpaid premiums and other expenses associated with the case. Getting the collateral back can take a few weeks or even months.
Collateral can be anything of value. The most common forms of collateral are property and cash. Collateral must meet specific requirements. Typically, a deed is required, showing that the property is free and clear of tax liens. A home is the most desirable form of collateral. However, other types of property, such as a car or a vacation home, are also accepted by some bail bond agencies.
Collateral is also a form of “insurance” for a bail bond company. It helps to protect them if the defendant breaks the terms of the bond. Collateral also helps to ensure that the accused person will show up for their court date.
Avoid A Bail Bonds Company With A Defense Attorney
When you’re looking for a bail bond company, you’ll often be referred to a company with a defense attorney. But first, it’s essential to know some tricks the bondsmen may try to pull to get you to pay them. The best way to avoid these scams is to research the company before you sign on the dotted line.
Many bail bond agents prefer to have their clients put up collateral. This ensures that the company will get all the bail money. However, it’s essential to remember that the collateral should be returned if you attend your court hearings. The bondsman may also try to get you to pay more than the bond fee. Typically, this practice is illegal, but it can also be deceptive.
You may also want to avoid a company that charges you for a second bond. The courts may be reluctant to release you on another bond. Instead, you may have to wait until your trial.