The only thing worse than finding yourself behind bars is getting the phone call to let you know that a family member or friend has been arrested. But the odds of that happening may not be as slim as you think.
Nearly 3 percent of Americans are arrested each year. And for those who can’t post bail, the stay could last for a very long time. Unless, that is, they have friends or family members willing to post bail on their behalf.
What to Do When You Get the Call
If you’re in a position to post bail for someone who can’t, just know that hefty responsibilities come with the job. So you need to understand exactly what bail is.
“Bail” refers to any assets the court requires before freeing someone from jail. In return for the release, that individual promises to appear at all future court dates. That promise is known as a “bail bond.”
When it includes cash or other assets, a bail bond is nearly always arranged through a licensed bail bond agent such as bail bonds licking county oh.
By posting bail for somebody else, you’ll become a cosigner of the bond. This means you’re prepared to pay the bail bond agent’s non-refundable fee. To do this, you must:
- be a United States citizen
- have a stable employment history
- have a good credit rating
- have lived in the local area for a specified length of time.
Know What You’re Getting Into
The non-refundable bail bond fee you pay out of your own pocket normally runs 10 percent of the total bail amount. And, if the person you’re bailing out misses a scheduled court appearance, you could be charged for the entire bail amount.
Bailing someone you care about out of jail is a serious financial commitment. That’s why you need the help of a trustworthy agency such as bail bonds licking county oh!