Bail bonds may seem like a last resort, but if you’ve been arrested and need to be released from jail, they can be a lifesaver. If this is your first time hearing about bail bonds, you might not know the signs that you need one. Even though you’re innocent until proven guilty, you’ll likely have to spend some time in jail. A bail bond can release you until your trial begins or your sentencing is heard.
What Is a Bail Bond?
A bail bond is a type of security deposit that can be given in lieu of cash bail. A bail bond guarantees the full amount of the bail and allows you to avoid going to jail while your case is being processed.
What Will You Pay?
If you’re not sure if the bail amount is something that you can cover, it’s best to call an agency that offers affordable bail bonds Williamsport PA. If the agency agrees to post your bail, they may also require collateral. This means that they might ask for some of your assets (or assets from a family member) such as a home, car, or other property.
If the bonding company doesn’t want your collateral upfront and instead wants to wait until after the case has been completed, then they’ll charge an interest rate on that money. The more risk there is (i.e., whether there’s an outstanding warrant), the higher the interest rates will be.
Why Should You Get a Bail Bond?
Bail bonds are the answer for people who want to get out of jail fast. A good bondsman will work with you throughout the process and treat you like a client instead of a criminal. You will have more time to catch up with your family, make up for missed work and develop a strategy with your attorney.