When you get a call from your loved one for bail money, high chances are that you will immediately get stressed. First of all, you do not want your loved one to spend time in jail. It can be a tough place and could damage their reputation. Additionally, you may not have the bail money at hand so you may be stranded wondering how to bail them out. The good thing is that there are different bail options and you can choose the one that works best. These options include:
Cash payment is straightforward. You can even make the payment without a bail bondsman if you have the money at hand. All you need is to do is pay the money. To do this, you need to know the defendant’s full name. You also need to know where they are being held so as to process the bail payment and have them released as soon as possible. However, if you do not have the cash at hand, you would need to consider other options.
Surety payment is another bail payment option. This is best for those who do not have any cash but might be able to use one of their property deeds or any other valuables such as gems and jewels as surety. For this, you will be required to present the valuables for safekeeping. This means that, if the accused flees, the valuables would be sold to recoup the full bail amount. When it comes to using property as a surety, it has to be worth more in value than the amount of bail. This is necessary because it accounts for any fluctuation in property value that would affect the price if the court was forced to recoup bail money because the defendant decided to flee or not honor the terms of his or her bail.
The last option is to get a bail bondsman. These are people who are willing to put up the full amount of bail as long as they have a guarantee that you will pay the money in case anything happens. However, they work on the guarantee that the defendant will honor the terms of his bail. In this case, you have to pay the bail bondsman a certain percentage of the bail money, often 10% as fees for services rendered. This money is not refundable even if the defendant honors the terms of bail. In some states, private bondsmen have been outlawed because they charge a hefty percentage which amounts to exploiting people. After all, those who opt for bail bonds do so because they do not have any money in the first place.
You can choose your bail payment option depending on whether you have cash at hand or not. If you have property or other valuables, you can present this as surety. If you are only able to raise part of the money, then you could opt for a bail bondsman instead.