What I Can Teach You About Finances

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September 28, 2018

The Most Used Bail Bond Services

There are basically four major kinds of bail bonds services that are widely used in the industry but, they can slightly different depending on the city, state and jurisdiction in which this service will be used. Cash bonds, surety bonds, immigration bonds and federal bonds are the four most used types of bond services to help a person get their temporary release.

Needless to say, every type of bond comes with a different purpose and use like what is mentioned earlier. Thus, if you wish to learn more about this subject, I suggest that you keep on reading.

Number 1. Cash bonds – cash bonds are used in situations when the friend, family members or defendant himself has requested to pay cash for the bail. By the time when the defendant has completed the requirement for the probationary terms of arrest and showed up in all court hearings, the money will then be returned in whole. However, you should know that this is not recommended as bail because it costs thousands of dollars.

As a matter of fact, this cash may be saved for more significant or immediate needs instead of using it to obtain release from jail. This bond type however is a more popular option amongst the elite, professional athletes, celebrities and several exclusive groups.

Number 2. Surety bonds – this is another well known option when it comes to obtaining release from jail after arrest. When talking about surety bonds, when someone is taken into custody, another person or themselves can contact professional indemnitor similar to a bail bondsman to assist them with bail.

Fact of the matter is, these bails are usually including a form of collateral for the amount of bail required. This is because of the reason that the person who is about to be released will have court stipulations ongoing similar to counseling and drug testing that has to be completed or perhaps, the indemnitor wil take responsibility of the entire amount of bail.

Number 3. Federal bonds – in comparison to the bond types mentioned above, these aren’t get much popularity. This is all because of the fact that they will be used in federal crimes including tax evasion, bank robbery, embezzlement, kidnapping, counterfeiting, aircraft hi-jack and so on. For some good reasons, these bonds cost more than other kinds of bail bonds discussed.

Number 4. Immigration bonds – this is somewhat self-explanatory yet, it’s more complex than what average person thinks. They are complicated because it is meant for crimes involving foreign nationals and similar to federal bonds, they are expensive since there’s greater risks to the bail bondsman.

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