Bail Bond Disadvantages

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If you or a loved one has been arrested—and you want to get out of jail—you may need a bail bond. A bail bond is essentially a loan, which covers the amount of the bond (the amount of money needed to be released from jail,) so that the person in jail is released.
Using a bail bondsman—or company—seems easy enough, especially on television. But it's hardly that easy. Fortunately, you can make it easy by following these four tips:
1. Call for Help Immediately: As soon as you can, use the phone to call a friend or family member that will help you. If you don't know anyone that can help, ask for the phone number of bail bondsman. Explain the situation and get the process started—by either you, or a friend, calling the bail bond company.
You should call …show more content…

A bail bonds company will typically offer assistance on minor crimes, such as petty theft. However, crimes that are more serious may not be covered—such as murder.
If you are confused about what is and isn't covered, ask the jail. You can also ask the bail bonds company what type of assistance they offer and whether certain crimes are out of the question.
3. Determine and Discuss Fees
There are always going to be fees when using a bail bond. Before signing on the dotted line, make sure all parties involved know what the fees are. After all, you don't want to be paying back the bail bond for several years—or worse, lose your possessions.
In most situations, there is just a premium. The premium covers the cost of the money loaned, plus additional services. In most situations, the premium should be no more than 10-percent. If extra fees are tacked on, ask for details about each fee.
4. Put up Collateral
In almost every situation, you will be requires to put up some form of collateral. The type of collateral you will need to use depends on the cost of the bond, as well as the resources available to you. In most cases, a credit card will

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