Bail Bond Financing Bakersfield: What You Need To Know
Bail bond financing is a process that enables an individual to post bail for another person in return for collateral and/or a finance charge. The purpose of bail bond financing is to help those who have been accused of a crime but cannot afford the full amount of the bail to gain their release from jail prior to their trial. If you’re seeking bail bond financing in Bakersfield, here’s what you need to know about the process.
How Bail Bond Financing in Bakersfield Works
When you are charged with a crime, a judge will set a bail amount based on the severity of the offense, your criminal history (if any), and whether or not you are considered a flight risk. If you cannot afford the full amount of the bail, you may contact a bail bond company to help you post bond.
Once you have contacted a bail bond company, the agent will come to meet with you to fill out paperwork and gather collateral. Depending on the state, there may be restrictions on what type of collateral can be accepted. Once the agent has everything they need, they will post the bond and you will be released from jail.
You will be responsible for paying the bail bond company a fee (usually 10% of the total bail amount), as well as any court costs associated with your case. The bail bond company will keep your collateral until your case has been resolved and you have paid them in full.
If you do not show up for your court date, the court will issue a warrant for your arrest and you will forfeit your collateral to the bail bond company. The company may also hire a bounty hunter to find and return you to custody.
Bail Bond Financing – Is It Right For You?
Whether or not bail bond financing is right for you depends on your personal circumstances. You should consider whether or not you can afford to pay the fees associated with using a bail bond company, as well as whether or not you are comfortable putting up collateral for the loan.
You should also consider whether or not the person you are posting bail for is likely to skip town if released on bail. If the defendant does not show up for the court date, not only will you forfeit your collateral, but a warrant will be issued for the defendant’s arrest and you might be on the hook for the total bail amount (not just the initial fee).
If you are facing serious charges, it is always best to consult with an attorney before making any decisions about posting bond. Your attorney will be able to advise you as to whether or not bail is appropriate in your case and, if so, how much it is likely to cost.
Additionally, the initial 10% fee paid to the bail bond company is non-refundable. So if you are able to easily afford the total bail amount, you might want to consider paying for it. This is because the bail fee is typically returned in full by the court system.
Information for Bail Bond Financing in Bakersfield
If you’re looking for bail bond financing in Bakersfield, then you’ll need access to the right people, contact information, and resources. To get you started in the right direction, check out these valuable links: