A bail bond is an agreement between a bail bondsman or company and a person who has been arrested on suspicion of crime. Bondsmen offer financial assistance for the arrested person to secure a release from jail while awaiting trial. Bond certificates are legal documents drawn up by a bail bondsman with the help of an attorney, that certifies that the amount of money provided to the person is protected by the bail bondsman in the event of his or her failure to appear in court on the specified date. A bail bond is an individual guarantee that certifies payment or promises compliance by a guarantor if the suspect refuses to obey its terms. For people who are arrested for outstanding warrants or other serious crimes, the bondsman may also offer the option of posting a bond, which provides assurance that if the individual does not appear in court on the set date, the bondsman will post the bond and obtain the money needed to obtain the legal release from jail. For more information, visit their website at Connecticut Bail Bonds Group
A bail bond may be written in trust, or based on an unsecured loan, which may be raised from a traditional lender or credit union. In either case, the bail bonds company will provide a promise of repayment to the court, typically in a form of a cashier’s check or money order. Many bail bondsmen charge a percentage of the amount of the bond, while others may only charge a flat rate fee. There are different types of bail bonds, including traditional bail bonds, cash versus cash, posting bail via mail, posting bail via virtual currency or using a combination of these options. The cost of a bail bond will depend on the accused’s past criminal history and current standing with the court system.
It is very common for people to post bail themselves, using a friend or relative who is financially able to ensure their release. However, it is important to remember that people cannot be trusted to always pay the full amount of the bail amount, especially if they are unable to meet the obligations. This is where the services of a bail bonds company become necessary. By offering a combination of different payment methods, the bail bonds company ensures that the defendant will have enough funds to meet the terms of the agreement and does not risk losing the bond altogether if they fail to appear at all scheduled court appearances.