A bail bond agency is going to be one option a person has when they would like to help a friend or family member who has been arrested. Obtaining a bail bond will mean the person can be released until their hearings instead of being required to remain in jail. However, there are risks involved with this, and a person will want to make sure they understand how bail bonds work so they know if this is something they want to do.
To be released from jail, the person needs to pay the full bail amount. If they cannot afford it, a friend or family member can secure a bail bond for them with 10% of the bail amount or collateral to cover the full bail amount. Once the bail bond is secured with 10% of the bail amount or collateral, the Bail Bond Agency in Bristol CT pays the full bail amount to the jail. This is what allows the arrested person to be released from jail. The bail bondsman receives their money back if the arrested person attends all of their hearings, but they will not receive it back if the arrested person doesn’t attend all of them.
This is why there is a risk involved in securing a bail bond. The bondsman is going to loan the money on the understanding that the arrested person will follow the terms of the bail bond. If the person doesn’t, the bail bondsman will look to the person who secured the bond to get their money back. The person who secured the bond will be required to pay the remaining 90% of the bail bond or forfeit their collateral to cover the money the bondsman lost.
Working with a Bail Bond Agency Upper Bristol CT is an excellent way to help a friend or family member who has been arrested, but it’s important to the friend or family member to understand the process and be aware of the potential risks. One way to get more information and to make sure this is the right decision is to work with a bail bond agency which has over 10 years’ experience. They can answer any questions before the bail bond is secured so the family member can be sure they’re making the right choice.
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