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Alternative Collateral for Bail Bonds

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The easiest way to bail someone out of jail is with cash, though this doesn’t always work and leads us to the topic of discussion: bail bond collateral. In most cases, a surety bond is the way to go when bailing someone out of jail. A surety bond is when you pay 10 percent of the bond amount to the bond agency (also called a “premium”) and the agency’s insurance company backs the rest. When you buy a surety bond, you also have to have enough collateral to make up for the other 90 percent of the bond in case the accused skips out on a court date.

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The Importance of Honoring a Bail Bond

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Bail bonds and the prohibition against being held without excessive bail is one our Fundamental Constitutional Rights, and something we need to take seriously. There are many different aspects to bail, today we will take you through the consequences of “failing to appear”, “FTA”, “breaking a bond” or missing a court date.
There are two primary reasons for honoring a bail bond. It is important for both the co-signer (or Indemnitor) and the defendant to make sure to follow through on any restrictions, requirements, prerequisites, and obligations of signing a bail bond. By following these “rules,” per se, you can be assured that there will be no unexpected or unnecessary financial or criminal consequences (for the accused) of bailing someone out of jail.

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What Does a Guarantor Need to Know About Bail Bonds?

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Bail bonds exist for one reason: To get people out of jail. The bail amount is set rather high for multiple reasons, though, which can put a lot of financial pressure on the person bailing someone out (the guarantor). As a guarantor, you will have certain responsibilities to make sure the accused does not miss the court date which, in most cases, will cause your collateral to be surrendered.

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