Deciding Which Loan To Take Out

As soon as I realized that my personal financial picture was a little bleak, I started thinking about taking out a personal loan. I wasn't really looking forward to going into debt, but I knew that if I wanted to solve a few short-term problems, a loan would be the way to go. I talked with a few of my local financial institutions to get a good idea of what they could offer me, and then I sat down to go over the paperwork. It was incredible to see how much money I could save by securing a lower interest rate. Check out my blog for more information about loans.

Bail Bonds And Pledging Property


When someone is arrested, being released from jail quickly is important. Not only is jail unsafe and unhealthy, but it's also no place to plan a defense to the charges. To be released from jail, the defendant can either be released on their own recognizance or be offered bail. In some cases, more than just a cash bond is required. To help sort out these confusing issues, read on to learn more about bail, bail bonds, and pledging property for bail.

What is Bail?

Unless the crime is very serious or the defendant is a flight risk, bail will probably be offered. Bail is a promise to obey certain rules (called conditions) namely, to appear at a later court date. Usually, bail is very expensive, but at the end of the case, the bail money may be refunded to the defendant. With bail being set at very high amounts, most could not afford to leave jail were it not for bail bonding companies.

What Is a Bail Bond?

Bail bonding agents work independently from the court system but alongside it. When you pay the bail bonding agency rather than the court, the agency deals with the justice system for you. The agency promises the court that their client will return for all court dates, check in frequently, and stay out of trouble in the meantime.

Pledging Property

In some cases, you need to pledge property instead of cash to get someone out of jail. When you deal with a bail bonding agency, they may accept both cash and property for a bail bond. With cash, the amount you pay the bonding agent varies according to their premium. The premium is the percentage of the full bail amount charged by the court. For example, they might charge you 15% of the bail as a premium. That means that bail bonds are a lot less expensive than bail, and that makes getting out of jail more affordable for everyone.

Sometimes, however, the defendant or their loved ones don't have enough cash to pay the bail bond, even when the cost is reduced. Fortunately, bail bonding agencies also accept property by way of a property lien. If you own real estate, for example, you can agree that the bail bonding agency will place a lien on the property. That gives you time to come up with any needed cash. Once you pay what is owed, the title or deed is returned to you.

Bail bondsman services are often available 24 hours a day 7 days a week to answer your questions and provide you with help.


28 December 2020