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Understanding The Different Types of Bonds Available for Release from Jail

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When you or a loved one is arrested, getting out of jail as soon as possible is likely the top priority. But how do you go about doing that? One way is to post bail with a bond. are basically an agreement between the court and the person posting bail (the obligor) in which they promise to pay back some amount of money if the defendant fails to appear for their trial.

There are several types of bonds available for release from jail, including cash bonds, surety bonds, and bail bonds. Each type has its own advantages and disadvantages depending on your financial situation and other factors. In this blog post, we’ll take a look at all three different types of bonds so that you can make an informed decision when trying to get someone released from jail quickly and safely.

Bail Bondsman Hamilton County Indiana 317-919-2489
Bail Bondsman Hamilton County Indiana 317-919-2489

Common Types of Bail Bonds

Cash Bonds

A cash bond is the simplest type of bond and requires that the obligor post the full amount of bail upfront in cash. The money is then held by the court or jail until either the defendant appears for their trial or forfeits if they fail to do so. When used, this type of bond is usually very quick and efficient since there’s no need to contact a bondsman and wait for them to process paperwork and issue a check.

Surety Bonds

A surety bond is a more complicated type of bail bond that involves two parties: an obligor (the person posting bail) and a surety (a third party company). The surety will typically charge a fee for their services, which can range from 10-15% of the bail amount. The obligor is then responsible for any money that may be forfeited if the defendant fails to appear for their trial.

Bail Bonds

Bail bonds are issued by professional bail bond companies and require less up front money than a cash or surety bond. With this type of bond, the obligor pays a percentage (usually 10%) of the total bail amount as a non-refundable fee to the company who will then post the full bail amount on their behalf. However, if the defendant fails to appear at their court date, the obligor will be held liable for any money paid out by the company as part of posting bail.

Why are bail bonds the best choice for getting out of jail? The main advantage of a bail bond is that it releases the defendant from jail while allowing them to build their case from home. This is in contrast to a cash bond, which requires the full amount of bail to be paid to the court before being released. Additionally, with a bail bond, you do not have to liquidate your assets or incur financial strain, as the bondsman takes care of the full bail amount. Overall, opting for a bail bond is a logical choice for individuals who need assistance in securing their release from jail without breaking the bank.

Conclusion

When it comes to posting bail, it’s important to understand the different types of bonds that are available to you. Cash bonds are quick and efficient but require the full amount up front in cash. Surety bonds involve a third party company who may charge a fee for their services, while bail bonds require less upfront money but can hold the obligor responsible if the defendant fails to appear at their trial. No matter which type of bond you choose, understanding your options is key to ensuring that you or your loved one gets out of jail quickly and safely.

Are you looking for professional assistance from a licensed bail bonds company in Hamilton County? Contact Uptown Bail Bonds at 317-919-2489 for 24 hour emergency bail bonds in Noblesville, Indiana. We also provide prearranged bail services for arrest warrant surrenders.

Related Posts:

How Much Does a Bail Bond Cost in Indiana
What Is Bail Bond Revocation and How Does it Work?
What to Expect When You Post Bail in Hamilton County Indiana

Do I Have to Pay Cash for a Noblesville Bail Bond?

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Here in Noblesville, Indiana, the Hamilton County Jail accept bail bonds 24 hours a day, 7 days a week, and 365 of the year. So, if your friend or loved one was just arrested and detained, you can get started on their release right away, without hesitating a single minute. But beware, the jail will only release prisoners by appointment! But there is no need to fret. Simply contact a local Hamilton County bail bond company, make the necessary arrangements, and then the bail bond agent can make your appointment immediately after. Worried about paying for a bail bond? That shouldn’t be a problem either!

Continue below to learn about paying for a bail bond, including how much you can expect yours to cost, and your alternatives to using a bail bond company.

Cheap Noblesville Bail Bonds 317-919-2489
Cheap Noblesville Bail Bonds 317-919-2489

The Average Cost of a Bail Bond in Noblesville, Indiana

Here in Noblesville, bail bond premiums are between 10 and 15 percent of the total bond amount. For example, if your friend’s bond is set at $10,000.00, the premium (fee) for the bail bond will be between $1,000 and $1,500. Keep in mind, there fees are NON-REFUNDABLE, and established based on the bail bondsman’s own discretion. Although surety companies are regulated by the Indiana Department of Insurance, and can only charge between 10% and 15%, they can choose which percentage to charge you within that range. Additionally, the Hamilton County Jail requires a $5.00 bond fee.

Don’t Want to Use a Bail Bond Company?
You Might Want to Rethink That…

Unless you have thousands of dollars of cash on hand that you do not mind forfeiting to the courts temporarily, you will want to use a bail bond company to get your friend or loved one out of jail. You see, the only alternative to using a bail bondsman is to pay the jail directly, the full bond amount. If you refer back to the previous example, that will require you to pay $10,000 cash to the jail. You will only get this money refunded to you if your friend or loved one appears for all court hearings, and does not skip bail.

Who to Trust for Fast and Affordable Hamilton County Bail Bonds?

Call Uptown Bail Bonds at 317-919-2489 for fast and friendly Hamilton County bail bonds you can trust. We are a family-owned and operated bail bond company that offers friendly and fast bail bond services for all arrests and arrest warrants. You can count on us for friendly service and speedy release is from the Hamilton County jail. Call 317-919-2489 to request an estimate for Noblesville bail bonds, today.