One of the first things that happen when you’re arrested on charges of a crime is you will appear before a judge to determine the charges and set any bail if appropriate. Unfortunately for many people, the amount of bail set is too high to pay without causing undue financial hardship. The good news is a bail bond company can help and ensure you can still get out of jail while you wait for your trial. The following explains how these companies work.
Pay Only a Portion of the Bail
When you work with a bail bond company to get out of jail until your trial, you will only need to pay a portion of your bail amount. In Arizona, that amount is typically 10 percent. This fee allows the bail bond company to post your entire bail amount. While they will get that amount back once you complete your required court appearances, the fee charged is non-refundable. For those who would be otherwise unable to pay their bail, this is a small price to pay for their freedom.
Collateral May Be Required
Depending on the situation and the level of risk you personally carry, your bail bond company may require you to put up collateral equal to the remaining amount of your bail. This gives them the assurance they will get their money back, even if you fail to appear for court. Acceptable collateral often includes a house deed, car title, or even jewelry or other personal items that carry significant value. However, it’s important to keep in mind these items can be lost if your bail is revoked and not returned so it’s important to follow the rules.
If you need the help of a bail bond company, contact us. Our team can help you or a loved one get out of jail until you can appear in court.