The benefit of having a co-signer and viable collateral make it particularly easy to get jail bonds in Atlanta. What exactly is a co-signer? What qualifies as collateral? Here’s a quick explanation.
Atlanta
Jail Bonds 101
A
bail bond helps secure a defendant’s release from jail before trial
proceedings. Unlike a cash bail that must be paid in full, a bail
bond is only 10% to 15% of total bail. The percentage is the bond’s
cost, a nonrefundable fee for the bond agent. In the past, offenders
without gainful employment or decent credit were ineligible for bail
bonds. Co-signers make this unfortunate outcome outdated.
Bail
Bond Co-Signers
A
bail bond co-signer serves as a guarantor/indemnitor, a person who
becomes legally responsible to turn the defendant over to the bond
company in the event of the defendant’s failure to appear. If the
defendant vanishes entirely, the indemnitor takes on the financial
responsibility of paying the court-imposed bail in full.
Ways
to Pay for Bail Bonds
Bond
agencies accept common payment forms like cash, credit and checks. In
some instances, payees can remit payment online or via wire transfer.
In the absences of other funds, collateral can be used to secure a
bail bond. Viable collateral includes boats, cars and jewelry, all of
which gets returned after a case is completely settled and a judge
signs a disposition.
For more information, visit Free at Last Bail Bonds online at visit us website, a nationally-renowned provider of jail bonds in Atlanta.
