Every person who gets arrested and is put in jail has the option to make a single phone call. They might get in touch with their loved ones in order to arrange for a bail bondsman who is capable of helping the individual get out of jail. While there exist some major issues with acquiring bail bonds, overcoming them is easier with the assistance of a reputed bail bonds agent. Here is a look at the major bail bonds issues and how they can be overcome with the right agents.
Major Bail Bond Issues
Arranging the Money
The first thing that the defendant’s friends and family must arrange for is a sufficient amount of money. It is not an easy task to get someone out of jail and the cost of premium must be paid in full. The premium is generally a fraction of the amount of the bail bonds. It is possible for this premium to be paid in a variety of different methods, but the most common options happen to be credit and cash which are accepted across all states. If the person finds that they do not have enough of cash to spring their loved ones out, they might be able to finance the necessary premium.
A good bail bonds agent will definitely be able to help with the funding. Bail bondsmen have strategic tie-ups with a good number of financial institutions and can get the defendant the necessary funding.
Filling out the Paperwork
The next step involves completing some paperwork. The bail bond application must be filled out and properly signed. The person who signs on behalf of their jailed acquaintance will have to provide all sorts of personal information. This information is important and the tiniest details will be covered to ensure that the person will be in a position to pay later. Moreover, this person, also known as the Indemnitor, will have to pay the whole cost of bail if the defendant skips on paying the money.
At the instance of imprisonment, it can be draining both for the accused and their family to make do with intensive paperwork. An experienced bail bonds agent will not only take care of the process, but also ensure it is completed in a flash.
On numerous occasions, it becomes necessary to ask for collaterals. If the price of bail bonds happens to be less than a certain sum of money, the Indemnitor might have to provide the required collateral unless they are not employed anywhere, have a lot of outstanding debts or suffer from poor credit. If more cash is required to get their friends and family members of jail, it is likely that collateral will be required. Collateral may take many different forms. So it is necessary to ensure beforehand that the object or property has enough equity.
Like with the paperwork, bail bondsmen are very helpful when deciding n the collateral.
To know more about how a bail bondsman can help you in urgency, contact Free Bird Bail Bonds today.