3 Types Of Bail You Need To Know About

Finance & Money Blog

Having a run-in with the law is never something that you look forward to. If you find yourself in a position where you need to pay in order to regain your freedom after an arrest, you will likely need to know about the different bail options available to you.

Here are three common types of bail you should consider when facing legal problems in the future.

1. Cash Bail

Depending on the crime you are accused of committing, the amount the court requires in order to release you from lock-up may be nominal. A cash bail is designed for defendants who can afford to pay the full amount of their bail.

While some courts might accept credit card payments, others may only accept cash. It's important that you take the time to determine which type of funding is required to secure your freedom before choosing to use a cash bail option.

2. Property Bail

If you don't have access to the full amount of money required to gain your freedom, the court might allow you to post a piece of personal property in lieu of cash or a credit card payment. The court will place a lien on your home, vehicle, or other valuable asset in the amount that your bail has been set for.

Once you appear in court as scheduled, the lien will be removed. Should you fail to appear in court, your property may be foreclosed on in order for the court to gain access to the money owed for your bail. Before opting to post your personal property as collateral through property bail, be sure that you have assets that are valuable enough to cover the full amount of your bail.

3. Surety Bond

When your financial resources are low and you don't have any property valuable enough to cover your bail, you may need to work with a bail bond agent to secure a surety bond. The bail bondsman will post the full amount of your bail, and you are required to pay only 10% of the total bail fees in exchange for your freedom.

Once a surety bond is posted, the bail bondsman is vouching for the fact that you will make your scheduled court appearance. If you don't appear in court, the bail bondsman could hire a bounty hunter to physically detain you and bring you to court. To learn more about bail bonds, you can visit this website.

Knowing about the different bail options available to you will help you make the best choice when it comes to securing your freedom after an arrest in the future.


13 May 2016

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