Dealing with an arrest and needing to be bailed out of jail is stressful. You don't want misinformation about bail bonds to add to the stress you're already feeling. Unfortunately, there is some misinformation out there about what bail bonds are and how they work.
The following are six common inaccurate assumptions that are frequently made when it comes to bail bonds.
You have to eventually pay your bail bonds company the full amount of your bail
When you are arrested, the bail amount can seem overwhelming and make you feel that it's not worth trying to be released from jail.
However, it's essential to remember that you only need to pay the bail bonds company their fee. You will not need to pay the full bail amount unless you fail to show up on your court date.
The bail bond fee is negotiable
There is generally no room for negotiation when it comes to a bail bonds fee. In fact, bail bonds fees are set by law as a certain percentage of the bail amount in many states.
You can't get a bail bond if you can't pay the fee upfront
Even if you don't have the cash to cover the bail bonds fee right away, you still may be able to arrange for a bail bond to get out of jail.
Bail bond companies will typically accept certain types of collateral to assure that you will make payments on the bail bonds fee over time until it is paid off in full. This allows you to get out of jail, even if you can't pay the fee right away.
You don't have to pay fees for a bail bond if you are innocent
The outcome of your case has nothing to do with what you owe the bail bonds company. This means that you still have to pay the bail bonds fee off, even if you are found innocent.
A bail bonds agent can negotiate a lower bail amount with the judge
Once the judge sets the bail amount for your case, it won't be changed. Don't expect your bail bonds agent to be able to negotiate with the judge about the bail amount.
The bail bonds industry is an unregulated industry
A lot of people have an inaccurate impression of the bail bonds industry as being unregulated. In truth, the bail bond industry is highly regulated. Bail bonds companies have to adhere to numerous laws regulating their industry in the state in which they're operating.
For more information, contact a bail bonds service near you.
Share3 November 2021
Dealing with money is a fact of life, and although it's something most of us deal with every single day, it can be complicated and confusing. In particular, it can be hard to figure out how much to save, when to invest, when to borrow, and how to maximize your earnings. My goal with these posts is to demystify common confusions about money and finance. If you want to take charge of your financial situation, I invite you to explore this blog. I am going to write about everything from spending to saving, and we're going to explore why both of these elements are important. Enjoy!
