If you’ve been researching types of bonds, you probably know that there are several different types of bail bonds that you can post if you find yourself in a situation where you have to post bail. In a previous post, I briefly mentioned these types of bonds, however, today, I’d like to discuss one of these options in more detail. A surety bail bond is one of the most popular options for those who are arrested and who need to post bail. In order to make the best choice for your situation, it is important to fully understand what a surety bond is, as well as its pros and cons. If you have a loved one who has been arrested, you might have to get involved in the bail bond process and assist your friend or family member. If this is the case, this article will also be helpful to you. Read on to learn everything that you should know about the surety bail bond.
What is a surety bail bond?
A surety bail bond is a type of bond that third party posts for a friend who has had an unpleasant run-in with the law. This is a great option if you find that you simply cannot pay the bond with your own money. You can recruit the help of a cosigner, who will post the bond for you and make sure that you comply with the court rules when you are released from jail. The cosigner can be someone close to you, such as a friend, family member, or colleague, or it can be a professional bail bondsman. Consider the pros and cons of this type of bond.
Pros of a surety bail bond
If you cannot afford bail, this might be your only option for getting out of jail while you await trial. If bail is granted to you, you should take the opportunity to be released from jail. This will ensure that your regular routine is not seriously interrupted by your arrest. Having someone else pay the bond for you will get you out of jail and you will not have to personally put up the money or assets to ensure your release. You also might be more compelled to appear at your trial or court hearing if a friend is counting on you to do so.
Cons of a surety bail bond
If you choose to ask a friend or family member to post your bond for you, it could complicate your relationship. You open yourself up to the possibility of your loved one saying no, and some people do not like to be indebted to friends or family members. If you feel that you cannot put your pride aside in this situation, the surety bond might not be a great choice for you. If you have someone pay the bond for you, whether it’s a friend or a bail bondsman, if you do not comply with the court’s orders and you fail to appear in court, he or she will be liable for your actions and will lose the money that they put up for your bail. Your cosigner can then hire a bounty hunter to find you, and you will face serious charges for failing to appear in court.
As you can see, there are some good reasons to use a surety bond and some reasons why it might not be the best idea. If you have a good relationship with a friend or family member and you do not think that asking them to cosign your bond will complicate your relationship, this might be the right choice for you. However, if you can afford the bond yourself, you might want to just pay it yourself. For more information on types of bonds and hiring a bail bondsman to assist you in this process, you can contact me here.