bail bonds agency Archives

Bail Amount vs. Charges

A bail amount set by the court depends on several factors, such as the crime’s severity, the defendant’s history, and their perceived flight risk. The more serious the offense, the higher the bail amount is likely to be. For instance, felony charges generally result in higher bail amounts than misdemeanor charges broken down into three separate class (A, B, C) categories. The bail amount is an important part of understanding your fees since your bail amount determines fees.

Role of a Bail Bond Agency

If you’ve ever seen a court show, you may have seen a judge bang on their gavel shouting, “Bail set to $60,000!” A bail bond agency plays a critical role in this scenario, as more often than not, a defendant or their family and friends aren’t likely to have $60,000 ready to hand over. In this case, a bail bond agency is where an individual can go to cover the difference. An agency will typically require collateral, such as property or assets, on top of a fee to secure a bond. Once the collateral is provided, the agency issues a bail bond to the court, guaranteeing the defendant’s appearance at all scheduled court proceedings.

Bail Bond Agency Fees

To compensate for the risk and services provided, a bail bond agency charges a fee for their assistance. The fee, typically a percentage of the total bail amount, is non-refundable and serves as the agency’s profit. The fee can vary from state to state and agency to agency; however, in Texas, the amount is typically around 10 to 15% of the total bail amount. Let’s use the previous example if bail is set at $60,000, the bail agency at 10% would be around $6,000 or $9,000 at a 15% rate.

Bail Bonds vs. Fees

It’s important to understand the distinction between a bail bond and the fees associated with it. The bail bond itself is the document provided by the bail bond agency to the court, ensuring the defendant’s release. It acts as a guarantee that the defendant will appear for all court proceedings. On the other hand, the fees paid to the bail bond agency are non-refundable charges for their service. The collateral, for example, that you or a loved one signed over, is returned to the individual—so long as the defendant showed up to all of their court dates.

An arrest can be overwhelming, especially if you’re unfamiliar with the process. With the help of a bail bond agency, you and your loved ones can rest easy knowing that prior to the agreed-upon court date, the defendant can return to the safety and security of their own home.

Freedom Bail has served the El Paso and West Texas regions for over 30 years by providing our communities with 24/7 bail bond assistance. Contact us online or call (915) 877-9293 to get started on the right path to freedom.

Proof of Identity

To begin the process of securing a bond, the defendant must provide proof of identity. This can include common forms of documentation such as a government-issued ID or a passport. However, if neither of these options are available, other acceptable documents can also include the individual’s bank or credit card statements. In some cases, a bail bonds agency may request the defendant’s credit report history to ensure their past or current debts have either been met or are currently met.

A Bail Bond Agency

More often than not, people are unable to raise the funds to post bail. In this case, securing a bail bond from a bail bond agency is a feasible alternative option. A bail bond works like a loan where the person applying will only pay a percentage of the total bail amount. While percentages vary from company to company, they’re typically set between 5% to 15%. In the case of an individual whose bail is set to $100, the person applying will only have to pay $1,500 for an agency that requires 15%. A much more manageable amount compared to the latter.

However, a bail bond agency may require additional paperwork such as:

Criminal History

If applicable, a bail bond agency will require access to the criminal history of the individual in order to gather insight as to why the bail amount is set to what it is. This is also important for the bonds agent, as they will also get a better understanding of whether or not the individual will be a flight risk.

Legal Filings

Before securing your bail, additional paperwork must be filled, including an indemnity agreement. An indemnity agreement is a contract that protects one party from any risks or liabilities created by the other. Essentially, one of the most important terms of a bail bond agreement is that the defendant must show up to all of their court hearings. If they don’t, any agreed-upon conditions will be collected, such as collateral, money, additional penalties, and the hiring of a bounty hunter to return the accused back to jail, all of which will be listed in the indemnity agreement.

Collateral

In addition to paying a percentage of the bail amount, for a bail bond agency to secure the rest of the funds (should the accused not show up to their court hearings), collateral will be required. Forms of collateral that can be used include real estate, jewelry, or stocks that are equal to or greater than the bail amount. The collateral will be listed and documented with collateral agreement documentation to secure a bail bond.

Take One Step Closer to Freedom with a Bail Bond Agency

If you or a loved one has found themselves needing financial assistance in El Paso, our team at Freedom Bail can help. Contact us online or call (915) 877-9293 to learn more about our services.

Category: bail bonds agency

Understanding Bail Bond Fees: What to Expect