Posting Bail Without Cash Up Front

The average citizen doesn’t really know too much about bail bonds or how they work. They haven’t been involved with law enforcement and probably haven’t been arrested before. It’s only when you or a loved one has been arrested that you need a crash course and to find the nearest bail bonds near me to help get out of jail immediately. Because the last thing you want is for your loved one to sit in jail where they are unable to support their families or take action to effectively preserve their legal rights. 

Let’s take a look at bail bonds and how they work.

How Do Bail Bonds Work?

If you’re unfamiliar with the justice system, you might think a person is arrested and sent to jail and that is that. That is only partially true. A person might be arrested and taken to jail where they are fingerprinted, have their photo taken, and are officially booked on charges. The tricky thing here is that the U.S. Constitution guarantees every citizen the right to a presumption of innocence. We’ve all heard of “innocent until proven guilty” before, and it’s absolutely true.

You will have your day in court to defend your case. In the meantime, a judge may be included to release you on bail while you are waiting for your trial date. Or they may be more likely to hold you without bail if they feel you would be a risk to yourself or others, or a flight risk. But once someone has been granted bail, what is there to stop them from simply skipping their court date? After all, the odds of someone showing up for punishment of a crime don’t seem like they would be very high.

But remember that you weren’t just released free of charge on the promise that you would show up to court on the appointed day. Bail is what gives you the incentive to appear in court after being released. Bail is usually in the thousands of dollars, but it can get into the hundreds of thousands for certain charges. You’ll need to pay the bail amount that the judge sets for you before getting out of jail, but you’ll get this money back when you show up to your set hearing. While this might be a more than fair exchange to get you or your loved one out of jail and back home until their trial and sentencing, most Americans do not plan on being arrested and do not have thousands of dollars readily available to post bail in an emergency.

The time between arrest and trial can sometimes be months, even years. This is time that the defendant could be spending building their case, spending time with their loved ones, and supporting their families. And this time won’t factor into the sentence that the defendant receives either. So once you have been arrested, you are faced with three problems:

  1. Being Granted or Denied Bail
  2. Finding the Funds to Post Bail
  3. Finding a Reputable Bail Bonds Company

What is the Role of Bail Bondsman?

Think of a bail bondsman as a banker. A good bondsman will assess the level of risk and reward to your case, or how likely it is that you will make your appointed court date and pay back your bail in the process. And just like a banker, a bond agent will decide whether or not to post your bail based on a number of background checks and clearances. The biggest difference between a loan and a bail bond is that once you appear in court, the money is returned back to the bondsman. However, if you choose to skip your day in front of a judge, your bondsman may choose to employ the services of a bounty hunter, who will be tasked with finding you and bringing you in, at which point they would receive their thousands in bail money back from the courts.

 

What Are No Money Down Bail Bonds?

Every bail bond company is different in how they will get their cut for putting up the bond. In most cases, they will expect a certain percentage paid back to them. For example, in California, it’s 10% of the bail amount. So, if your bail is $10,000, then you’d have to pay the bail bonds company $1,000. A “no money down” bail bonds company does things a bit differently. They won’t take the extra percentage, but rather will work more so like a lending service to help you get a bond without money

They might look at your credit score and see if you have a good history of paying your bills and your overall financial health. If you’re putting something up, like property, for collateral, you will have to sign that over to the bail bonds company, as well as your bank account information. They might also have other requirements, but again, it depends on the company itself when it comes to what they will require to feel safe putting up that amount of money.

The collateral you can put up to ensure a no money down bail bond can be jewelry, your car, land you own, your house, or anything else of value. Bank accounts, credit cards, stocks, and other financial items can also be used. This is considered a secured bond because you are backing it with physical or financial assets. Whatever you put up for collateral will need to be handed over to the bail agent for safekeeping until you get to the end of your trial. If you don’t make it, they can decide to sell or liquidate the collateral you gave them to make up for their financial loss. 

When you are looking for a bail bonds agent in Connecticut, remember that you want to work with a company that has experience in the bonds industry and that is able to give you a variety of payment plan options for bail bonds when you are not able to put down the cash or pay back a percentage in one charge.