SmartCashAdvice.com is a website that has recently put together bail bond information to help people who are in need of assistance with getting out of jail. The site normally specializes in information about payday loans, however. Visitors to the site will be able to learn where to find help when it comes to needing bail bonds online in their region. Whenever someone is in need of a bail bond, the time is very limited. They don’t want to run the risk of making the wrong choice or not being able to find someone to help out at all. It’s a very stressful period. There is a set amount of time in which someone can obtain a bail bond and use it.
The site provides some options on the website that have been tested and verified to be reliable. The goal was to ensure that only the best options were listed in order to help provide peace of mind to those who are seeking information and don’t know where to turn. This ties into the theme of payday loans and cash advances because it all deals with getting access to a large amount of money in short amount of time when it matters the most. Likewise, the application form for a bail bond and a cash advance are fairly similar; however, the individual who is applying for a bailbond generally needs to provide more information and a form of collateral in the greater scheme of things. For anyone who isn’t familiar with getting bail bonds, this is a great way to introduce them to help when they need it the most.
Understanding Bail Bonds
A bail bond, also known as a surety bond, is defined as a “formal, legally enforceable contract between a first party (the principal or obligor), a second party (the customer or obligee), and a third party (the surety, such as a bank, bonding company, or insurance company) whereby the surety guarantees payment of a specified maximum sum, or to otherwise compensate (indemnify), the obligee against damage or loss caused by the actions (or a failure to perform) of the obligor)." Bail bonds guarantee that the defendant will appear in court every time that he or she is ordered to do so based on requests by the court.
If the defendant doesn’t attend court as requested, then the bond will be forfeited and the defendant will be issued an arrest warrant. The statutes for this vary from state to state, although in most cases the defendant will be subject to apprehension and arrest. The cost for bail bonds tend to vary from state to state and may be based on statutory rates or rates that have been filed by the insurance company that has underwritten the bond. Depending on the defendant’s criminal history (if any), collateral may be needed. A collateral receipt should be provided when the bond is written. The return of the collateral is based on statutes in most states; it should be held in trust for the party that is arranging the bail.