Understanding the bail bonds process can help save you a lot of time, money, and frustration when you need their assistance. First, it is important to know what a bail bondsman is and how they can help you. Next, you might just not know about the discount bail bonds in California that might help you get an even more fiscally responsible way to get your situation handled and get back to the rest of your life.
A bail bondsman is a commonly used term for any person or agency that will assist someone who requires bail money to allow a person who is accused of a crime to be released from jail until their official hearing. Not using a bail bond agent could be a big problem for the accused. In many cases, court officials set bail at an extremely high amount to ensure the accused is going to stay available for the court to access during an investigation or until their official trial or hearing. Without a bail bond agent, the accused will likely not be able to afford to acquire the funds necessary to pay their ball and gain freedom from jail. This can lead to a great deal of chaos in their lives, and often results in loss of financial earnings or even termination from employment altogether.
To avoid the turmoil that comes with staying in prison until they can plead their case before a judge, many accused turn to bail bondsmen to help fund their bail. The standard fee that most bond agencies charge the people they help is 15% of the total bond price if it is a federal case and 10% if the case is at the state level.
A discount bail bond can help reduce this fee and ensure that the accused can afford to pay the bonds agency back. Considering that bail can often run into the thousands of dollars, even though 10% may seem like a small amount, it can still amount to a lot of money that needs to be gathered quickly. The California bail industry is regulated by the California Department of Insurance, and not each individual company.
In order to avoid these high fees, some bail bonds agencies will work with their clients to negotiate a better rate, and at times can get it to a much lower 5%. This lowered rate can be negotiated if the accused is able to pay the full amount immediately so that the bondsman is completely guaranteed to get their money. As bonds agencies are often taking on a big risk of having their clients not pay, this is an enticing offer.
However, since this is a regulated industry in the state of California, bail bonds agencies are supposed to charge the industry mandated amount for any clients they take on. Anything less may indicate the bondsman may not be reputable and you should likely look for another company to work with on your bail situation. Finding a reputable company that will help in such a difficult time is worth the money, so attempt to find the best agency possible to help you.