What is a Bail Bond?
If you are charged a judge will decide your bail amount. This is the amount of money you’ll need to get out of jail while waiting for your court date. Based on the seriousness of the crime in which you are convicted, the bail may be a large or a small amount. The main reason for a bail bond is to guarantee that when the time comes to go to trial you’ll be around. Bail Bonds-Connecticut Bail Bonds Group Norwich has some nice tips on this.
Bail incentive numbers slightly
Sometimes the bail amount set by the court is low enough to allow you to pay your own bond; however, if it is quite high you will need to contact a bail bond company. They should give them a proportion of the bond and a bonding company representative, a bail bondman as they’ve been typically called, or a bondsperson can post the bond and you can get out of prison.
For eg, if your bond is $50,000, this would be a relatively large amount payable by most citizens. A larger bail is typically reserved for felonies rather than misdemeanors. Very possibly you ‘d pay the bonding firm 10 percent of that number, which would be $5000, and they’d post the $50,000. The $5000 you give to the lending company won’t get you out.
Misdemeanor charges typically do not have large penalties, so financing agencies charge around 20 per cent of the bail for this form of fee. If your bail is set at $1000 you would only have to pay $200 instead of $1000 to the bonding company. The bail bond company keeps this as a bonus for selling the bond, too.
Need a Bail Bondsman?
It’s not tough to find a bail bondman. They ‘re mentioned in the phone book, online and if you’re detained, several law enforcement officers will lead you to one. Because they are often helping inmates out at the jail, many law enforcement officers know them personally. There are usually bulletin boards by the telephone with multiple business cards with their telephone numbers, which by the way often take day or night calls.
Sometimes the bail bond company will require you to have a co-signer who signatures that they will give up security if you don’t show up for trial, particularly in the case of a misdemeanor. This could be a home, boat, or car worth the amount of the bond less the amount that you paid to the bonding firm.
Most likely a bail bondsman will take a photo of you and write down any relevant information. This will include where you work, where you sleep, where you build your vehicle, model number and license number. He’ll always take note of your mates and places to hang out. Your co-signer may also have their picture taken. A bonding company will want to make sure they know about you as much as possible, and that you will make your appearance in court. This is particularly true because the bond is set to a high amount and if you don’t show up they can lose a lot of money.