We Walk You Through How Bail Pricing Works in This Blog Post
Bailing a loved one out of jail is a process that is experienced by many. The first thing you might ask yourself is, How much does it cost to bail someone out of jail? When the judge first sets the bail amount there may be a panic that sets in. Don’t worry, typically you do not have to pay the whole amount upfront in order to get your loved one out. However, there are a few different options you will have, and you will have to put down a certain amount of money. We pride ourselves on making this process smooth, so we will do our best to explain this in a simple way.
Typically, a licensed Bail Bond Agency will charge you a premium of 10% of the set bail. For example, if the judge sets bail at $50,000, the premium would cost $5,000. This does not include any feed required by the state. Down Payments on a bail bond can be as little as 0%-5%, but this differs case to case. Sometimes it is good to have a few cosigners to help you put the money down. If you need a cosigner to get the bail bond, make sure they meet some of these qualifications:
- Good credit score
- Good job history
- Collateral (determined by case)
- Responsible and reliable
While not all of these are required to be a cosigner, you will have a better chance if the requirements are met. Sometimes agencies will only take a cosigner if they are a homeowner, but the logistics of the case and amount of bail have a big part in what the cosigner needs to have. If you have questions about cosigners, call us and let one of our experienced agents help you.
When going to a Bail Bond Agency, you will need some information before you can actually bail your loved one out. This is what you will need to know about the person who has been arrested:
- Full name
- Date of arrest
- What county they live in
- What county they got arrested in
- What jail they are in
- What bail amount was set
Try to gather as much of this information before you contact the Bail Bond Agency, so your process will run smoother. There so no determining how long it will take to get your loved one out of jail. The processing of a bail bond is different for each situation. It can differ for crime, county, personal history, citizen status, and many other factors.
It is also important to know that if you bail someone out, you are now responsible for them. You have to make sure they go to their court dates, stay in the state, and that they stay out of trouble while they are on bail. If you want to know all the details on bailing someone out, check out this blog post.If you have any other questions about bail bonds check out our Bail Bonds FAQ or give us a call! We are here to make this process easier for you. We strive to do our best and get your loved one back to you as soon as possible!