Have you decided to bail out a friend who was locked up for the first time in his or her life? If you don't have the funds to pay the entire balance, you can seek help from a bail bonds company. There are several things that you should know before moving forward with the process. Take a look at this article for helpful information in regards to bailing someone out of jail.
Gather Information About Your Friend
You will have to ask your friend about the exact jailhouse that he or she was booked into, as the bail bonds company will need to know. You will also have to provide your friend's full legal name. The number that he or she was issued upon being booked into jail will also be required for the bail bond process.
Ask For the Exact Bail Amount
You must obtain your friend's full bail amount before getting financial assistance. A bail bondsman will need the information to determine how much of a premium you will have to pay. Basically, a premium is the amount that is owed to the bail bondsman for providing the service. Keep in mind that it is common for each state to have regulations in place as to what can be charged as a premium, so don't worry about paying too much money.
Determine What You Will Use as Collateral
Just as loan companies often ask for collateral to use in the event that they are not paid back, so does a bail bondsman. There are actually numerous things that can be used as collateral, such as any real estate that you own. Your car, credit cards, bank account, or jewelry of value can also be used as collateral. Some bail bonds companies will even allow you to you your person credit, but it depends on how high the score is.
Make Sure the Defendant Shows Up to Court
It is important for you to make sure that your friend shows up to court after getting bailed out of jail. If your friend decides to go on the run, you will be at risk of losing the money you put towards bail and the collateral. Your loan will then go into default, but you will be given so much time to turn your friend to bring the matter back on track. The bounty hunter and law enforcement officers will also search for your friend if he or she does not show up to court. Get the funds to bail your friend out of jail as soon as you are ready.
If you are looking for a bail bonds company, contact one like STAT Bail Bonds LLC.Share