It is understandable that you want to help a friend or family member get out of jail. However, if you do not have the cash to pay their bail in full, you will have to seek the assistance of a company that provides bail bonding. Before you jump in the car and head right over there, you will want to learn about how you will be impacted when you use bail bond services for someone else so that you know what to expect.
You Are On The Hook For The Money
No matter what the amount is, you will be on the hook to pay it back to the bail bondsman if the person you are getting out of jail suddenly leaves the state or fails to appear for any of their court dates. Since you had to seek out the assistance of a bondsman, you either do not have the cash to cover the amount or you do but you were trying to save that for yourself as an emergency fund.
You May Need To Give Collateral
The higher the bail amount, the more likely it is that the bondsman is going to require some collateral. This is to protect their best interest should you end up needing to pay the bail amount back in cash and you are unable to do so. Acceptable collateral could be something like the deed to your home or the title to your car or boat.
You May Be Contacted A Few Times
It is the job of the bondsman to check in on things to help ensure that the person they helped bail out of jail is where they should be. This may result in the bondsman calling your home or stopping by if they have trouble locating them one day.
Now that you have a better understanding of what it means for you to take out a bail bond for a friend or family member in jail, you can make an appointment with a bail bondsman. There will be a lot of paperwork to sign so you want to allow yourself plenty of time to read through all of it. Remember, the bondsman wants this entire process to be a success, just like you do. So, if you are having trouble understanding some of the paperwork, don't be shy. Ask for some clarification so you know just what it is that you are signing.Share