Saturday, 10 December 2016

What is the bail bond all about?


People or agencies that act as guarantors or ‘surety’ and pledge property or money as bail for someone who has been accused in court are known as bail bondsmen. Usually the banks and insurance companies intervene as the surety bonds on other forms of bails in which the accused are hesitant to keep their depositors' funds at the type of risk drawn in in posting a bail bond.





Benefits of hiring bond agent
However, there are bail bond agents are primarily in this business just to cater to criminal defendants. These agents are very often successful in securing the release of their customers in some hour’s time. Considering the usually lengthy procedure of being released by bail if you do not have enough bank balance or contacts, these agents do a great job by using pledge money or other such property. These agents have an unofficial agreement with the court authorities in small towns and use their property or the ‘blanket bond’ as it is called.

What to avoid?
Bail agents often employ ‘bounty-hunters’ to recover their bail money from the accused. These agents are not allowed to operate legally in most countries except the US. There are around 18 states in the USA where bail agents are allowed to carry a license that certifies them as legal bondsmen under the jurisdiction of local court. However, if you do not belong in the US, there is a good chance of being held accountable under legal jurisdiction if you hire or become a bail bondsman. So, it is advisable to check your legal rights well before you hire such an agent to help you out of jail. Even when it is legal, you should be aware of the going rates charged by other bondsmen and then hire one yourself. There are lots of cases where the bondsmen have ripped off their customer and almost driven them bankrupt in the process.