When an individual is arrested and held in custody, the option of posting bail can be invaluable. However, the amount of bail that is required can be more than what the defendant may be able to afford, and this can lead to them needing to utilize the services of a bail bonding provider.

Myth: Bail Bonding Services Are Unprofessional

It is commonly assumed that bail bondsmen are unprofessional enterprises. However, bail bonding is actually a heavily regulated industry. There are reporting and compliance requirements that these businesses must meet, and as a result, many of them will be well-established within in their community. In the unlikely event that a serious dispute or problem arises with these services, you will be able to contact the state bondsman regulatory board to report the incident.

Myth: Being Approved For A Bail Bond Is Extremely Difficult

A bail bond will differ significantly from other types of credit. As opposed to being based on your credit history and score, the bail bond is secured with collateral, which can make it possible for individuals with poor credit scores and histories to still be able to qualify for these bonds. The fees are largely kept as a percentage of the bail that needs to be posted. There may be additional origination fees, but these should also be fairly minimal.

Myth: A Bail Bondsman Can Get You Released More Quickly

When a person is being detained in jail, they will want to be freed as quickly as possible. This can lead to individuals hoping that the bail bondsman will be able to get them released more quickly than if they had paid their bail with their own money. However, this is typically not the case as most of the delay between paying the bail and the defendant being released will be due to the jail processing the release. In some instances, this can take many hours, and it will be almost entirely up to the individual jail.

Myth: The Full Cost Of The Bail Bond Is Returned If You Are Found Innocent

Defendants will often assume that the entire cost of the bail bond will be returned to them as long as they are found innocent. However, the fees charged by the bail bondsman will typically be nonrefundable. The collateral that was used to secure the bail bond will be returned at the conclusion of the trial as long as the defendant adhered to their bail agreement.

Contact a bail bond service for more help.