Many people are still unaware of what bail bonds actually are. For all of those who didn’t know, these are used to bail an accused person out of custody, before the hearing of their trial. A sum of money is paid as the ‘bail’, if accepted by the court, and the accused is released from custody with the promise of showing up in court and presenting themselves in front of the jury for a hearing and a verdict about their case.
There are several kinds of bonds that are used for different situations. You will need to match your situation and your criminal record at times, to determine which kind is applicable to you. When it comes to the cost of the bail bonds themselves, you should know that there are several factors that affect the cost of them. The cost of a bail bond is never fixed, and is bound to vary. The factors that affect the cost include the state you live in; since states set different prices for bail bonds, while some completely disallow them altogether, the amount that is to be paid for the defendants bail, the use of a bail agent (since the agents fee will have to be included into the total cost of the bail at the end), the flight risk of the defendant (the higher the flight risk, the higher the bail), and whether you will use your credit card or take a loan to pay (which has interest payments), or choose to pay cash up front (which will have no additional cost).
As mentioned before, when you opt for an agent to help you with the bail out process, the agent will need to be paid a fee for the services he/she is offering you. The fee is not refundable and can cost about 15% of the face value of the bond. This percentage is subject to variation depending on the state that you reside in. The services that the bail bondsmen will offer you include the entire bail out process paperwork and procedure, and getting the defendant through the judicial process as well.
Besides that, sometimes you might incur some other costs that will add to the total cost of the bail bond and the bail out process. One example of such a cost might be the sheriff’s cost. This is estimated to be around $10. When using your bail bond you should be aware of the fact that the insurance company, which finances your bail, will charge a fee as well and that might be anywhere between 10%-15% of the face value of the bond. If the bail bond is funded through any other means, the insurance cost will not have to be paid in that case.
There are times when collateral must be secured against a bail. If the accused fails to present themselves before the court on the date of their hearing, there is a risk of losing the collateral that has been secured, or the bail amount paid for the bail out. Apart from this cost, the bail bondsman will also charge you a fee for tracking down the defendant who fled. If the accused agrees to comply, you will be returned your collateral or bail money.
If you want to find out more about bail bonds in Florida, you should take a look at 2nd 2 None bail bonds. This website will have all the information you need to know about bail bonds. To find out more, visit http://www.2nd2nonebailbonds.com/.
Florida Bail Bondsman 