Doing a search on the internet isn’t always the best way to find which service or company is best in terms of bail bonds. Unfortunately, there is no criteria that makes one bail agency more suitable or reasonable than another. Since most people never plan on needing a bail agent or getting into legal trouble, they don’t spend a large amount of time researching the information about who is available and reliable within the area. As a result, when it finally happens and they realize that they need a bail bondsman, they don’t know who to choose. They end up choosing some option randomly because it’s available at the time and it may have sounded like the best option available.
Statistics show that 52 percent of American men will be arrested at least once in their lifetime. As a result, it’s a good idea to know how to choose a good bondsman if you ever need one. Sometimes the court or the jail can provide some recommendations of agencies that they commonly use and ones that are known to have the most success. However, this tends to vary depending on the circumstances and the availability of these services in the area. It’s also a good idea to get in contact with different agencies in the area and ask them questions about what they will be able to do to help out with the situation. Some agencies may be more affordable than others.
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.