Getting a Bail Bond in Douglas County
Have you or your loved one got arrested and want to go home until your court hearing? What can you do now? What is the process for arranging bail? Whom you should contact and what needs to be done? Well, understanding some basic things about the bail bonds process can help you make the right choice!
Contact a Bail Bond company
The first step is to contact a Douglas County bail bond company that can post your bail. If you do not have enough funds required by the court, reaching out to a credible bail bondsman is a wise idea. Since you are sitting in jail, your family member, friend, or lawyer can do this for you.
The bondsman will ask all of your professional and personal details in order to find out whether you are worthy of getting your bond paid. They will collect some basic and general information regarding the situation in order to assess the risk factor involved in the bond. For instance, where is the accused being held, what is he charged with, and so many other things including the current residential and employment details. Getting these details is essential for processing your application and going ahead with the bail.
In many cases, collateral is required to cover a bail bond. Collateral is a security deposit the bond applicant gives to a surety (bonding company) to gain approval of the bond. The motive of using collateral is to lessen the surety’s exposure and make supporting the bond more palatable. The most common form of collateral is an Irrevocable letter of credit (ILOC), issued by a commercial bank. This letter is issued based on the credit standing of the bond applicant, with the surety as the beneficiary. Other forms of collateral can be cash, a certificate of Deposit assigned to the surety, or even real estate properties. Jewelry, car, boat, or any vehicle are also used as collateral. Depending on whether you appear at your hearing, the bail bond agent will either return it to you or liquidate it to recuperate any damages due to your absence. However, not all cases would require collaterals.
The process of posting bail involves a contractual undertaking guaranteed by a bail bond agent and the individual posting bail. The bail contract specifies the relationship and obligations of the accused, the court and the Douglas County bail bonds agency, and the indemnitors of the bond. The bond remains effective until the defendant completes his obligations to the court. This usually means the contract ends up when the defendant appears in court when scheduled.
If you and the bail bondsman agree to the same terms, then it’s time to sign the paperwork and pay for their services. Usually, the amount that is to be paid is around ten percent of the bail amount set by the court. This amount is not set by the bail bond companies, the only thing a bondsman can control is their part of the release process and paperwork. Once the paperwork is signed and the fee is paid, the bail can be posted in a matter of a few hours.
Get out of jail today!
Do not spend any more time in jail than you have to, if you have the required cash or possess some type of collateral, speak to the VIP bail bond agent today to get out of jail bail bonds!