A Quick Overlook of Finances – Your Cheatsheet

The Most Used Bail Bond Services

As a matter of fact, bail bond services fall into four different types however, they can vary slightly depending on the state, jurisdiction and city to which this service is filed. The 4 frequently used bond services to help a person get a temporary release from jail are cash bonds, surety bonds, immigration bonds and federal bonds.

Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. I strongly suggest that you keep reading if you like to learn more about this.

Number 1. Cash bonds – for this type of cash bond, it is being utilized in circumstances when the defendant, family members or friend requested to pay the bail in cash. Right after the defendant completed the requirement for the probationary terms of their arrest and showed up in all hearings, the money they paid will be returned. This isn’t recommended however as bail is typically costing thousands of dollars.

As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.

Number 2. Surety bonds – after arrest, this is another sought type of bond being used. When it comes to surety bonds, this works when someone gets arrested and taken into custody, they or another person might get in touch with an indemnitor such as bail bondsman to help them with the bail process.

Fact of the matter is, these bails are usually including a form of collateral for the amount of bail required. This is due to the reason that the person being released will likely have court stipulations ongoing like counseling and drug testing that should be completed or perhaps, the indemnitor will be taking responsibility of the bail amount in whole.

Number 3. Federal bonds – in comparison to these, they’re not actually as popular as what mentioned earlier. This is due to the fact that they’re used only in case of federal crime like tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and a lot more. So don’t be surprised if these bonds are a lot more expensive when compared to other bail bonds available.

Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They are complicated because it is meant for crimes involving foreign nationals and similar to federal bonds, they are expensive since there’s greater risks to the bail bondsman.