Tag: aurora bail bonds

Using Collateral to Cover Aurora Bail Bond

Not every arrested individual affords to post bail when required. Depending on the reason for the arrest, the bail bond can be expensive and may require a significant amount of money upfront. However, bail bonds services make it more accessible to everyone, irrespective of income or social status.

The bail bond agency usually requires a written agreement signed by the arrested individual assuring the defendant’s appearance in court whenever there is a hearing. The companies charge a premium in exchange for agreeing to pay the entire bond amount. This amount is decided as a percentage of the total amount. Legally, the bail bondsmen are allowed to take 10 percent of the total bond amount.

So, what can you do to secure a bond if you don’t have the cash on hand to pay the premium? The answer is to use collateral!

What is collateral?

Collateral is a kind of security deposit that the bond applicant needs to provide the bail bonding agency in order to gain approval for the bond. The objective of the collateral is to avoid the surety’s exposure and to support the bond, as an assurance that the bond applicant will make all of the court dates and fulfill all of the legal obligations.

Forms of Collateral!

Typically, investment securities and assets including cash, expensive items, and documents of title can be utilized for offering required security. However, the kind of securities acceptable by bail bond agencies often varies. For example, the provided kind of asset may be accepted by a bail bondsman, while another agency may refuse to accept that as collateral.

While working with a bail bondsman, if you want to use collateral instead of cash, it will be up to the bondsman to determine what is acceptable as collateral. In general situations, the bondsman accepts something that has a value at least 150 percent of the total value of the bond. The reason is simple, that if the individual skips bail, the bondsman in the future can sell the item put up as collateral to cover the lost bond.

The items you can present as collateral again depend on the bond agent. The most common financial item to be used as collateral include property (such as residential or commercial), jewelry, or recreational vehicles. For these items, the agency will ask you to place the deed in their trust. This will not give the agency ownership but allow them to gain ownership of the items if the bond agreement is broken.

For smaller or physical items like jewelry, art, or collectibles, the bondsman will ask to keep the items until the court case comes to a conclusion.

Relying on collateral to cover the bail bond costs can be hugely beneficial, to anyone who needs assistance but cannot afford to pay a premium. To discuss the services and different options of payments, contact a well-reputed and experienced bail bond agency. Owing to the nature of the industry, the bail bond agencies operate round-the-clock to provide legal assistance to their clients.

Connect with PDQ Bail Bond experts to get your freedom fast with Aurora bail bonds.

4 Things You Must Do Before Hiring A Bail Bond Company

Whether you want to get out of jail but don’t have money to pay for your bail or have a family member who you need to bail out of jail, using an experienced and reputable bail bond company can be an ideal option. Furthermore, these bail bond service providers help individuals who have been charged with criminal offenses live outside of jail legally while awaiting trial. Not only will a bail bond service provider help release you or a loved one from jail, but they can also answer any questions you might have about the legal process. However, choosing the right bail bond company in Boulder is not as easy as it sounds, considering the fact that there are a plethora of bail bond companies flooding the market today.

Add to that, you have to take into consideration a number of factors before hiring a bail bond service provider. Read on to find out four things you must do before hiring a bail bond company.

1. Check bail bond company’s reputation- Reputation is what separates or rather distinguishes an outstanding bail bond company from an amateur one. Furthermore, take the time to do some searching around to see what others are saying about the bail bond service provider that they worked with. A bail bond company’s reputation should be pretty easy to decipher from their online reviews.

2. Ask questions- When you contact the bail bond company, make sure that you are ready to ask questions. Furthermore, make sure you ask the bail bond service provider how much the premium will be. Furthermore, If you have someone co-signing the bond or if you are co-signing the bond, this is an important piece of information to have. In addition, you can also question the bail bond company about their experience, particularly with the type of case that you or your loved one is dealing with.

3. Payment options- One of the major factors that you need to take into account before choosing a bail bond company is making sure you ask about payment options. All good bail bond service providers should be willing to work out a payment plan that works for you. Moreover, make sure you fully understand the payment process, whether you are signing up for a payment plan or paying all at once.

4. Ask how quickly they can release your loved one- Another major factor that you need to take into account when choosing a bail bond company is making sure you ask them how quickly they can get you out of jail. Furthermore, steer clear of bail bond companies that provide a firm estimate of how quickly they can get you out of jail. Always remember, every situation is different. Furthermore, the bail bond service provider can only tell you how quickly they can get their end of the bail process done. Moreover, they can’t control how quickly the jail will process the release request. Every jail has its own average processing time. Reputable and experienced bail bond companies will be able to tell you how long the jail typically takes, but they can’t give you an exact time for your release.

While these were some of the things you must do before hiring a bail bond company in Boulder, there are many others, such as check if they are licensed among many others.

5 Signs Of A Reliable Bail Bond Agent

Let’s face it, when your loved one is arrested, whether a family member or friend, it can turn your whole world upside down. Furthermore, if they need to post bail but cannot afford the amount set by a judge, then using a bail bond agent would be an ideal option. Furthermore, a bail bond agent is a professional who acts as a surety and pledges money as bail for the appearance of a criminal defendant in court during the hearing proceedings. From the filling of the required legal documents to financing your bail among other related legal matters, a bail bond agent will help you or your family member get out of jail in no time. However, selecting the best bail bond agent in Arapahoe is no cake walk, considering the fact that you have to take into consideration a number of factors before making the final decision.

Add to that, there are a slew of bail bond agents flooding the market today, which makes it harder to select the best one for you. Not to worry, read on to find out five signs of a reliable bail bond agent.

1. Available 24/7- Before choosing a bail bond agent, make sure you ask them whether they provide round the clock services. Moreover, round the clock availability is important because it’s possible that you will need their services or support outside of regular office hours. Besides, choosing a bail bond agent who operates 24 hours is crucial if you want to get out of the jail effortlessly and quickly.

2. Fees- Generally, reputable and licensed bail bond agents will charge 10%. Furthermore, if a bail bond agent charges less than this and they are overselling this aspect of the deal, beware. Moreover, low prices may indicate lack of experience and even scams. Don’t be tempted by low prices, there is a reason they are so much lower than the rest.

3. Reviews- One of the major factors that you need to take into account when choosing a bail bond agent is checking their reviews and testimonials. Furthermore, make sure you visit the bail bond agent’s website and go through their past clients’ reviews and testimonials. Furthermore, you can expect a few bad reviews for any bail bond service provider like any other business. So try to only choose an agent with mostly positive reviews.

4. Confidential service- When someone is charged with a crime, their reputation could take a hit regardless of whether or not there is a conviction. Furthermore, an experienced and trustworthy bail bond agent will understand this and maintain utmost discretion.

5. Payment options- Another major factor that you need to take into consideration when choosing a bail bond agent is making sure you ask about payment options. Furthermore, all good bail bond agents should be willing to work out a payment plan that works for you. Furthermore, make sure you fully understand the payment process, whether you are paying all at once or signing up for a payment plan.

While these were some of the signs of a reliable bail bond agent in Arapahoe, there are many others, such as knowledgeable, licensed, confidential service among many others.

Top 5 Mistakes To Avoid When Choosing A Bail Bond Company

Let’s face it, being arrested can be a terrifying, stressful and confusing experience. Not only does it affect you mentally, but it can also exhaust you physically. Whether you want to get out of jail or have a loved one who you need to bail out of jail, using a bail bond company can be an ideal option. These bail bond companies in Aurora will put up a bond or furnish a personal guarantee to the court, stating that the suspect will appear before the court on the date scheduled. From the filling of the required legal documents to financing your bail among other related legal matters, these bail bond companies will help you or your loved one get out of jail in no time. However, with a slew of bail bond companies flooding the market today, choosing the right one can be a daunting task.

Furthermore, some of the common mistakes made by people may seem obvious, but unfortunately, people make them again and again. Listed below are five common mistakes to avoid when choosing a bail bond company.

  1. Hiring the company that you first come across- One of the common mistakes people make when choosing a bail bond company is hiring the first company they first come across. Furthermore, it is worth taking the time to shop around and find a bail bond company that is a better fit your needs and requirements.
  2. Hiring an inexperienced bail bond company- Let’s face it, hiring a bail bond company without checking their experience may not be the brightest idea. Consecutively, make sure the bail bond company you are hiring has years of experience under their belt.
  3. 24/7 availability- In addition to having years of experience, the bail bond company you choose should be available round the clock. Besides, an arrest can occur unexpectedly and at any time. Therefore, it is important that you have a bail bond company that will be on standby to help you out irrespective of the time of day or night. Besides, choosing a bail bond company that is available round the clock is crucial if you want to get out of the jail effortlessly and quickly.
  4. Suspiciously cheap bonds- If you notice bail bond companies that are charging significantly less than other bail bond agencies, then be wary of their services. Furthermore, low prices may indicate lack of experience and even scams. Don’t be tempted by low prices, there’s a reason they’re so much lower than the rest.
  5. Not checking online reviews- Another common mistake people make when choosing a bail bond company is not checking their online reviews and testimonials. Furthermore, before hiring a bail bond company, make sure you visit their website and go through their past customer’s reviews and testimonials.

While these were some of the mistakes that you need to avoid when choosing a bail bond company in Aurora, there are many others, such as not checking their reputation, license and insurance among many others.