If you’ve found yourself in jail awaiting a trial, you’ll want to make sure you can make any necessary preparations for the trial in a more familiar environment to help manage any stress you feel about the upcoming process. Paying bail allows you to wait for your trial at home rather than in jail so you can benefit from the less stressful atmosphere. However, paying bail can be a financial strain.
Fortunately, there is an alternative to paying bail at the full cash price: the surety bail bond. Rather than paying the full cost of bail, a defendant or their family pays a portion of this bail to a bail bond agency. This bond agency will then cover the cost of the full bail in exchange for a guarantee that the defendant will show up to all their court dates. The portion paid to the agency is non-refundable and serves as the payment for the agency’s services.
Securing a surety bail bond typically requires collateral in the form of assets in addition to the portion of the bail paid to the agency. This collateral is necessary to cover the cost of a defendant not showing up to court and it is considered compensation for covering the entire bond price.
The surety bail bond option helps defendants and their families who otherwise wouldn’t be able to afford a cash bond payment. If you find yourself facing potential jail time or you’re wanting to help a family member in this situation, contact us here at Alpha Bonding and ask us how you can secure a surety bail bond.