top of page

"Are 8% Bail Bonds Worth It? Exploring Affordable Bail Bonds Services"




"Are 8% Bail Bonds Worth It? Exploring Affordable Bail Bonds Services"


Smith American Bail Bonds and most bail bonding agencies provide affordable bail bonds and have gone to 8% bail bonds. Smith American Bail Bonds has over 200 five-star Google customer reviews combining both locations that reflect their services. 8% bail bonds are worth it because you save money if you face any hardships, which is why they are known to provide cheap bail bonds. Smith American Bail Bonds is best known for delivering affordable bail bonding services.


Affordable Bail Bonding requirements


Requirement:

  1. Must be age 18 or older

  2. Must be employed

  3. Must have references at the time of application

  4. Must be able to pay 8% or 10% of the bond

Bail Bond Process

  1. Contact Smith American Bail Bonds

  2. A Bail Agent will assist you and request the defendant's name

  3. Once the bail bondsman receives the defendant's name, he or she will run the case through a statewide database.

  4. Once the Agent has collected all Bail Bond information, he or she will relay all information to the potential indemnitor (a person willing to sign and pay for the individual to be released from jail). The bail agent will give the indemnitor options to pay the bond.

  5. The Indemnitor will meet with the Bail Bondsman at Smith American Bail Bonds and be greeted with respect and a friendly, positive atmosphere.

  6. The Bail Agent at Smith American Bail Bonds will provide the indemnitor with his or her application and will explain how the application process works.

  7. Once the application is complete, all necessary documents have been received, and the indemnitor has been approved, the indemnitor will be required to pay a premium of 8% or 10% of that bail bond.

  8. Once the 8% or 10% premium is received by the Bail Bondsman, he or she will immediately go to jail to post the bond. Once the bond is posted, the defendant should be released quickly and in a timely manner.


Bail Bond

A bail bond is one method used to obtain the release of a defendant awaiting trial upon criminal charges from the custody of law enforcement officials. The defendant, the defendant's family and friends, or a professional bail bond agent (or bail agent) executes a document that promises to forfeit the sum of money determined by the court to be commensurate with the gravity of the alleged offense if the defendant fails to return for the trial date.

Most defendants are financially unable to post their bail, so they seek help from a bail agent, who, for a nonrefundable fee of 10 to 20 percent of the amount of the bail, posts bail. A bail agent becomes liable to the court for the entire bail amount if the defendant fails to appear for the court date. Before agreeing to assume the risk of posting bail, the bail agent requires collateral from the defendant, such as jewelry, Securities, or written guaranties by creditworthy friends or relatives of the defendant. This collateral acts as security to ensure repayment for any losses the bail agent might incur. If the defendant appears to be a "poor risk" and unlikely to return to court for trial, the bail agent will refuse to post bail. A defendant with a record of steady employment who has resided in the community for a reasonable time and has no prior criminal record is a good risk.

Comments


Featured Posts
Recent Posts