3 Things To Know About Using Collateral For A Bail Bond


While getting arrested for a crime is never a good thing, there is usually a way to get out of jail fairly quickly. This method involves hiring a bail bondsman for help with paying the bond that the court sets for your case. If you do not have a lot of cash to pay this, you could always offer collateral for it, and there are several things to know about this process.

1.  There is a fee to use a bail bondsman

The first thing to know is that using a bail bondsman for help getting out of jail is not free. While the bail bondsman will cover the majority of the bond money needed, you will have to pay a fee.

You can assume that the fee will be at least 10% of the bond amount, and you will not receive this back. This is a fee that is non-refundable, but you must pay it if you want the services of a bail bondsman.

2.  You can use almost anything as collateral

Fortunately, you do not have to pay this fee with cash. Instead, you could use something else as collateral, and this could be almost anything you own. The best forms of things to use as collateral include houses, land, and cars, but you can also use firearms, jewelry, electronics, and collectible items.

If you own something that is valuable, the bail bondsman may need to appraise it before accepting it as collateral, and you should expect that to happen. As long as it is worth enough money, you could use this to get out of jail.

3.  You risk losing the collateral

While there are risks when you put up collateral to a bail bondsman, there is an easy way to reduce the risks and prevent losing the asset you used. If you do what the court requires of you, the court will eventually release your bond.

At this point, the bail bondsman would be repaid the money you owed. If you fail to follow the requirements, the bail bondsman has the right to keep your collateral, and he can also require that you repay the money paid for your bond.

If you need help getting yourself or a friend out of jail, you should consider contacting a bail bondsman for help. They can help you determine the best type of collateral to use, and they can answer any questions you may have.


4 May 2019

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