Finding The Right Loans

When you are staring down the possibility of borrowing money to pay a bail bond, you should first know that there are a lot of facts and fallacies floating around out there. A lot of mixed-up stories have caused quite a bit of confusion for people who have never had to seek out bail bond services before. If you find yourself in the position for the first time in your life, here are some facts and fallacies to be aware of before you move forward with acquiring a bail bond for a family member. 

Facts

You will pay far less for a bail bond than you would if you paid all the bail outright. For example, if the judge sets bail for your family member at five thousand dollars, you would only pay twenty percent of that to a bail bond agent for a bail bond. That is a "savings" of four thousand dollars, with a thousand dollars going to the bail bond agent for their services and the ten percent for bail to the jailhouse. If you borrow to get that money, you (not the bond agent!) are responsible for the interest on that bond regardless of how your family member's case turns out. You cannot sue the bond agent for the interest on the amount you borrowed for the bond if your family member is sentenced to jail. 

Fallacies

Bond agents will not be returning your bail money because the bail money goes to court costs and pays the bond agent for their services. Too many people assume that if their family members show up to court hearings as guaranteed by the bond agent, they will get their money back from the bond agent. That is not how it works. Quite often, this fallacy circulates because all money is forfeit when the family member jumps bail. The bond agent is the one that loses out since they insured the appearance in court of the person who jumped bail and they may have to pay extra to the courts for "bonding out" a bail jumper. 

Not all bond agents are retrieval agents, either. This means that most of your bond agents don't hold bounty hunter licenses. They cannot go find and retrieve the bail jumpers unless they are licensed retrieval agents/bounty hunters. Those that are licensed as bounty hunters are also restricted to states where bounty hunting is legal. There are six states where bounty hunting is illegal, regardless of what state the bail jumper came from. 

Learn more about what is fact or fallacy by contacting local bail bond services.