Understanding No-Collateral Bail Bonds
When you get arrested, you may be looking at what your options are to bail out. During this search, you may find that some options are easier or more desirable than others. Not every person has large sums of money at their disposal and sometimes people just need to bail out and get out of jail quickly, so they can return to their responsibilities.
Why do you need a Bail Bond?
When someone is arrested, you have two options. You can post the full cash bail however, most people don’t have that kind of money, so a bail bondsman is a route to go. The bail bondsmen put up the money and you pay a premium. A bail bond is similar to a loan, but instead of having to pay the remaining amount after the premium, you sign promising to show up to every court date.
After your case is over, you can get back all your collateral.
What is a No-Collateral Bail Bond?
A No-collateral bail bond means that you do not need to put up any form of collateral in order to secure the bond. However, if you skip your bond then you are responsible for paying the remainder of the bond. You are responsible for paying the bond that your bondsmen put up to secure your freedom. But remember that this only if you were to skip your bond.
What is the benefit of a No-Collateral Bail Bond?
The best thing about a no collateral bail bond is that you do not need to put up property or extra money in order to secure your release. This makes your release faster and you can get back to your responsibilities.
How can you get a No-Collateral Bail Bond?
There are different factors in which a bail bondsmen will take into consideration to issue you a no collateral bail bond. The first is your criminal background. They will check to see if you have been frequently arrested throughout the country or if this is your first time. Previous arrests or bond skips will make you NOT ELIGIBLE.
Next, the bail bondsmen will take into consideration the charge that you are being accused with. Violent crimes and felonies are typically not issued no-collateral bonds.
They will also consider things like your credit history. If you have bad credit, failure to pay bills on time, or things of that nature then you will not be issued a no-collateral bond.
Lastly, the length of time in which you’ve lived in the address you state and where you are employed also play a role. People who are deemed “stable residents” who have lived in the same place for many years and or have professional jobs for a long period of time can be granted a no-collateral bond.
Filling out the bail bond paperwork is like a credit application. You need to show your best qualities that should make a bail company want to take a chance on you.
Avolevan Bail Bonds is here to help 24/7. Call us at 909-721-8204