Two Types Of Bond Options Everyone Needs To Know About

14 December 2016
 Categories: Law, Blog

Share

No one likes to imagine needing bail bond services. However, there are numerous situations that can make it necessary for you to need to hire a bail bond company like A Bail Now Bail Bonds, Inc. Perhaps you are thinking that you are a law abiding citizen. Some people find themselves needing to bail out friends or family members. The following information will help you to better understand two bail bond options. 

Own Recognizance Bonds 

Some people who get arrested need to get out jail as soon as possible due to responsibilities such as caring for their families or going to work. This is when it is likely sensible to secure the services of a bail bond company. However, some people may not have the same duties, and it might be best for these individuals to remain in jail until their court date. For example, a wayward teen who is barely legal and has had multiple run-ins with the law might need to stay in jail for awhile to see the seriousness of their actions. Some jurisdictions eventually give O.R. bonds to individuals who have minor charges and have been in jail for awhile. These types of bonds are signed by the individuals charged, and they do not cost them any money. However if they do not show up for their court dates, judges can revoke the bonds and issue warrants. 

Non-refundable Payment to Bond Company

Choosing to get the services of a bail bond company gets many people out of jail sooner, but there is a price to be paid. For example, the bonding companies usually charge a percentage of the total bond. This fee is non-refundable. The percentage varies by jurisdiction and is generally governed by law to ensure that the amounts charged are fair.

Even if you or your loved one does everything according to the bond requirements, the fee will not be returned. This is a misunderstanding that some people have about the bond payment. If you expect to receive money after court proceedings have occurred, you would need to put your own collateral up to bond your loved one out of jail. This is one reason people favor bonding companies. They pay a fee to the bond company, and the bail bond company provides the collateral needed to get individuals out of jail. Some people do not have land or other resources to post as collateral, and this is why getting a bail bond is a sensible solution. 

 A bail bond service company in your area can provide you with information about the courts in your area. This can help you to determine whether or not you need to acquire bail bond services or wait. They can likely tell you whether O.R. bonds are common and which charges judges generally grant them for.