Bail Bonds Refundable
Most people don’t have enough money to pay the full amount of bail set by the court, so they go through a bail bond company. This means they have to pay a small percentage of the bail amount (usually 10% or less) to the bail bondsman, and they will typically need to put up some form of collateral. This can be anything from cash, real estate or jewelry. Normally the bail bond company will return the collateral to the person who posted it after the case is resolved, but they will keep their fee as payment for their service.
When someone is arrested they may not be able to come up with the full amount of the bail, but even just a single day in jail can have a devastating effect on a family’s finances. A bail bond can help your loved one stay out of jail and continue their daily lives, such as taking care of their children, going to work, or preparing for their trial with their lawyer. This is a much better alternative to staying in jail, which is not always the safest or cleanest place for your loved one to be while they wait for their case to be resolved.
If you were to pay the court directly, it is possible to get your bail money back once the case has been resolved, but this isn’t feasible for many families. This is why it’s important to use a reputable bail bonds reviews that you can trust, and that will be able to work with you on a payment plan that fits your budget.
Are Bail Bonds Refundable?
The good news is that in most cases, if the accused shows up to all their court dates and the case is resolved, you will be able to get your bail money back minus the bail bond company’s fee. However, if the accused jumps bail and is not found by the police, then the bail bond company will forfeit the funds to the city. This can be extremely expensive for the people who paid the bail, especially if they had to sell items or put up other forms of collateral.
If a person is arrested out-of-state and they are unable to pay their bail, the judge will decide to set an amount to be paid as a condition of their release. This is often based on a combination of factors including the crime committed, the individual’s risk factor, and other information. In many states, the amount of the bail will be set according to a schedule that judges use as guidelines to determine the correct amounts.
If the accused doesn’t show up to their court dates, they will be considered a “jumper” and a bounty will be placed on them by the police department. Then the bail bond company will have to hire a bounty hunter, or “recovery agent,” to find them and turn them in to the authorities. This is another reason why it’s important to always work with a trustworthy and reputable bail bond company, and that you do your best to make payments on time and in full. If you do miss a payment, let your bail bondsman know immediately so they can work with you on an extension before any problems arise.