If the worst happens and your loved one gets arrested, the first and essential thing you would think of is to get the person released immediately. With the many bail bond agents around, anyone new to the bailing process should not sign the contract unless they are well informed of what the process entails. The following are some of the factors that you should consider before deciding to bail out your loved one.
A Bail Bond is Equivalent to a Loan
There is a lot of similarity between the concept used when you approach a bank in order to secure a loan to make a purchase of something you could not afford, and that used when you go to a bondsman to pay your entire bail amount because you cannot clear it out by yourself. The bondsman will only be guaranteed to get back the money covered for the bail only if your loved one gets to appear in all the court schedules. Contract signing is a way through which the bond bail agent will be able to protect themselves against the huge risk of covering for your bail.
Taking a Bail Bond Will Entitle You Responsibility Of The Accussed
Many people do not understand the fact that when you bail someone out of jail, you are taking full responsibility for their actions while they are out of bail. In cases where the accused gets arrested or flees once arrested on bail, you will have to pay for all the costs that the bail bonds agents will incur to get them back. The critical point is, if the accused has any form of misconduct, you will have to pay the price.
You Can Only Return Bail Money After Legal Proceedings Have Run Their Course
If you choose to pay the bail money by yourself so as not to incur the fee demanded by the bondsman, you have to know that the bail money will not be returned to you unless the legal proceedings are completed. Whichever need you might be having, you will not be able to access the money. You should also know that these processes are known to be too long and could take a couple of months.
The State determines the Bail Amount
All licensed bail bond agents have to be licensed by the state they operate it and strictly follow all the regulations spelled out by the state. These regulations also govern the bail bond amount that the bail bond agents are allowed to charge. You should, therefore, know the fact that the state regulates the bail amount means that there is nothing like shopping for the most affordable bond bail agent.