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Finding yourself or a loved one in jail awaiting trial can be scary and stressful. Many people turn to bail surety companies to help get out of jail while their cases go through the system. With bail amounts often totaling thousands or even tens of thousands of dollars, you want to make sure you choose the right bail surety company. Here are four key questions you should ask any bail surety company before signing a contract.
The bail surety company should clearly explain its full fee structure upfront. In our experience, there is usually a nonrefundable fee that can range from 5% to 20% of the total bail amount. Some also tack on additional fees for processing, collateral, etc. Ask when all payments are due. Often a portion is due immediately and the remaining amount is within a certain timeframe after posting bail. Knowing their fee amount and payment terms allows you to budget accordingly.
Collateral is required by bail surety companies to secure their risk. Ask what forms they accept, as options often include real estate, cash accounts, vehicles, jewelry, stocks, and bonds. Make sure you fully understand any collateral you put up, including the appraisal process and when ownership would transfer to them if bail terms are violated. Get collateral release details as well.
Be crystal clear on the bail surety company's processes if the person out on bail misses a court date or violates release conditions. Ask about their bail recovery procedures, revocation policy, and if they notify the necessary courts and law enforcement. Also, ask if they provide resources to help clients stay compliant and avoid bail revocation.
When someone you care about is sitting in jail, you want them released as quickly as possible. Inquire about the bail surety company's turnaround time from when bail is set to when it can be posted. Many can post bail within hours, but be wary of companies claiming immediate posting. Verify they will deliver fast service when needed.
Finding the right bail surety company takes research, but asking the right questions will help you identify the best fit. According to the Prison Policy Initiative, 83% of people in jails are legally innocent but stuck there on unaffordable bail. This makes a bail surety company a viable option. Do your due diligence to gain confidence during an already challenging situation. When you need to bail yourself or a loved one out of jail, let Shane's Bail Bonds help. Call now to get started.