How Do Bail Bonds Work
When obtaining a bail bond, it is crucial to understand the exact workings of the process and why it exists. Using a financial mechanism to ensure a scheduled court appearance sounds plain enough, but it can seem a little vague to those unfamiliar with it.
If you find yourself wondering, "How do bail bonds work?" or "How do bail bonds work in Texas?" we have the answers you're looking for.
You'll know everything there is to know about Texas bail bonds with the information available to you on this website, over the phone and in person at Lubbock Raiders Bail Bonds.
To handle the matter entirely on your own, to secure your release you would pay the full amount set for bail by the court. With the services of a professional bonding company, you pay direct to your bondsman 10% of the amount set for bail. The bondsman frees you of the need to scramble for money, and gains your release a.s.a.p.
In payment for undertaking the service, your bonding company receives one percent of the total bond amount. The balance will be covered by some form of collateral. It may be a bank security, vehicle, home, or other form of collateral. The collateral will cover the cost of your bond.
Finding collateral can be difficult. A bondsman will work with you to ensure your release by making sure the necessary collateral is found to cover the bond together with the percentile payment.
SHOWING UP FOR YOUR COURT DATE
People regularly ask, “How do bail bonds work if I make my court appearance?” This is the most clear-cut aspect of the bail bond process. When the day arrives, both the collateral and the bail you paid act as a surety that you will appear in court as scheduled.
When you appear as scheduled, the bail you paid and your collateral is turned over to you. 10% of the bail payment is deducted to cover the cost of posting the bond for you and to compensate our services.
FAILURE TO APPEAR IN COURT
The deposit made on a bail bond is forfeited when an individual fails to appear in court. The remaining value secured by the collateral is also forfeited. By working with Lubbock Raiders Bail Bonds we will make sure the that only the amount of the bail bond is taken and not a cent more.
Our company provides the bail bonds Lubbock relies on most. Call us today.