When a person is charged with a crime they have the option of posting bail. The bond amount is set by the Court according to the charges. The cost of the bond is 10% of the total bond amount. The Bail Bonding Company will require some form of guarantee, or collateral to assure the client’s appearance in Court.
The collateral requirements may vary according to the charges, and individual circumstances. Once the client complies with all the conditions of the bail contract, the bond is discharged and all collateral is returned to the depositor. Bail Bonds are like a specialized loan. As such we are sometimes required to have a guarantee on the loan/bond. We accept many different kinds of collateral.
Typically most bonds only require a signature as collateral.
Larger bonds: The most common kind is a home or piece of land. In some cases, we can accept a portion of the bond in cash or credit.