One of the booming businesses in this present time is the bail bonding business. The bail bonds fulton county is one good example. According to statistics, the bail bonding industry has been collecting $2.5 billion in fees in 2006 alone. Today, their collection has tripled since that year. It is totally an astonishing fact because of bail bonding as we all know, is a process inside the judiciary system. Despite its continuous rise in popularity, there are many people who do not know anything about bail bonding. These people only heard this terminology in movies. That is something to be corrected. Reading this article could help.
Introduction to Bail Bond
Before we get into deeper details, let us first answer this very basic question. What is bail bond? A bail bond is a written promise signed by a defendant and surety. The purpose is to ensure that a criminal defendant will appear in court at the scheduled time and date. The court will order and schedule the hearing. The process starts with a defendant being released on bail. However, since the defendant is in the jail custody, help from the outside world is needed. The family, relatives or friends of the defendant can work on the process.
The Bail Bond Company’s Help
A bail bond company works like a lender. It deals with payments required to get people out of jail. A bail bond company has a bail bondsman who will be personally dealing with the entire bail process. The person is knowledgeable and skilled when it comes to processing the bail for the immediate release. The work is not easy. Bail companies take on a big risk. If the defendant will never show again, this incident could possibly lead to bankruptcy. A bail bond can involve a huge amount of money.
The bail bond company and the bail bondsman must make it sure that they are dealing with the right kinds of people. Bail bonding is a booming business but there are records of bankrupted bail bond agencies. Both parties should be working well together. There should be complete papers signed by people who are involved in the transaction.
Bail Bond’s Importance
When a person is arrested for a crime, a bail bond is the fastest solution to keep a person out of jail. But that is not possible with the help of a bail bond company Know what bail bond is. Know what the work of a bail bondsman is. These are important matters you need to tackle maybe in the future. Who knows? At least you are well-prepared.
What are the services that the bail bonds fulton county are providing us? In this article, you will learn many important facts about bail bonds and bail bond services. What is bail bond? A bail bond is the money used as the assurance that a defendant who is out of jail and who is going to undergo a trial will be attending the hearings during the court proceedings. The defendant’s family will be filing the bail with the help of a bail bonds agent or company. A bail bond agent is a person who is licensed to work on the bail papers needed for the release of the accused.
The Right Bail Agent or Agency
Not all bail bond companies have reliable people. Deal only with a licensed bail bond agent. Be sure that the person is reliable to avoid problems in the future. To be able to confirm reliability, ask the bail agent or agency to show their license prior to any bail transaction. Remember, in a bail bond process, the bail agent should charge you only the legal rate approved by the state insurance department. You will be presented with facts and details, therefore, you need to spend time in reading it to have proper comprehension.
It is important that you get an itemized receipt of all the charges. The number thing that you should be looking for is the surety company numbered receipt. In the receipt, the amount you paid should be clearly stated. It should also include the total amount being charged on whose behalf (defendant name). Do not forget to check the address of the surety company and their telephone number. Prior to signing any contract, take a time to read and understand the terms and agreement. Once all the papers are done, as the client you have the right to ask for the copies of all signed papers.
More about Bail Agent
When you hire a bail agent, you need to know that you are going to pay for the services. Once the bail will be posted, the bail bondsman should be readily available for questions or concerns regarding the bail. That is his job and it should be served well to clients. It is also best to speak to an attorney before signing any papers with the bail agent. As an ordinary person, you lack the knowledge when it comes to bail and other legal procedures. Ask for help. If you have an attorney, talk this legal person.
Facts about Bail Bond Services
Bail bond agencies typically collect 10% of the bail amount from you. That is the standard percentage amount that states agreed as the bail service fee. Bail agencies accept cash, credit cards, personal checks and other quick financings. Be knowledgeable to make sure that you also understand the process. It involves money so a careful understanding is important.
Quick Tips on What to Do
- Contact a bail agency or agent within 24 hours.
- Prepare all the important information regarding the defendant and you as the person in charge of paying the bail. The details include the following. Defendant’s information.
- Full legal name.
- Date of birth.
- City, country and state.
- Booking number.
- What is the charge?
- How much is the bail amount?
Learning basic facts about bail bond is very important. Continue your research to learn more.