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.
Common Types of Bail 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.
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 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.
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.