Just because you are arrested for a crime doesn’t mean you need to sit in jail until your trial. It also doesn’t mean you have to come up with the full amount of the bail set by a judge. In many cases, you will qualify for a bail bond, which is typically around 10 percent of the bail amount. However, this isn’t the only decision you have to make. There are several types of bonds available, including secured and unsecured, so it’s essential to learn the difference to find the right option.
Secured Bail
Secured bail requires you to pay the amount owed upfront or offer some form of collateral, such as a car, house, or valuable jewelry. For people who have the money to do so, this can be the fastest way to get out of jail so you can start building your defense and continue to take care of work and other obligations while you wait for trial.
Unsecured Bail Bond
An unsecured bail bond doesn’t typically require any money to exchange hands. Instead, you work with a bail bond agency to promise your appearance in court and agree to pay if you don’t appear. It is essentially a written contract and isn’t always the easiest option, depending on the circumstances.
What Is the Difference?
When you are allowed to leave jail while you wait for your trial, the court needs to ensure you will make your appearances and go through the trial system to determine your innocence or guilt, as well as what punishment is appropriate if you are found guilty. With a secured bail bond, you take the risk upon yourself in the event you flee the state or don’t show up for your court appearances. Even if you’re paying the bondsman, you have money on the line. This means unsecured bonds carry a higher risk for the bail bond agency. Because of this, these types of bonds may not be available to those who have been convicted of past crimes or who have a history of delinquency.
Contact us to talk about the various types of bail bonds we offer. We can help you find the best solution for your situation.