Bail Bonds Requirements - What Will You Need?

by Emily Stone Blogger

What are the requirements for bailing someone out of Jail? This query is probably one of the most common questions we get as a bail bonds company residing in Ventura, CA. It's very rare that anyone you generally speak with actually knows what a bail bond is or what the requirements one would need to bail somebody out. Here we will provide all the information that someone would require if they get that call at 2 am from their friend in jail.

 

For this scenario the defendant, the one calling from prison, has contacted their good friend and the great friend will be the signer, or indemnitor. First, let's explain some of the vocabularies:

 

Defendant: the one in jail. The arrestee.

 

Indemnitor: There are two kinds of indemnitors. The first; self-indemnification. This is certainly when the accused, the one in prison, is in fact allowed to sign for their own bail. Here, the bail bonds organization feels that the accused is normally responsible enough to attend their court case and also has enough money to back it up financially. Second; Indemnitor or signer. This is normally when the defendant has touched base with a loved one or friend and that person has agreed to sign responsibility for the accused. The indemnity will become responsible for making sure the defendant attends all court dates until the case has finished and is also accountable for the cost of the bail bonds for paying up front and also if there is a payment process. Also Read: Bail Bonds Simi Valley

 

Bail Bonds Premium: This is certainly the price of doing business with the bail agency, 10%. i.e. for a $10,000 bond, the premium is usually $1000.

 

The Indemnitor now has the information from their friend in jail and their next step is to find a bail bondsman. The quickly peruse the internet and find few companies to call. After a couple discussions, it's decided to go with business X. The Indemnitor asks, "what do I need to bail out my friend."

 

Money: Pay the expense of the premium. Bail is certainly at $10,000. The premium is normally $1000. This can be paid in many ways; cash, credit card, or in some instances, financing.

 

Forms: Fill out and sign the bail bonds application. This is usually an 8 1/2 by 14 legal document with plenty of blanks to fill out. The indemnity will need to provide their present address, social security number, driver's license number, phone number and much more. The accused will need to provide three times that amount of info; like three references, four family members, work address, and much more. Why does the defendant need to supply much more details, because they are the key to total bail bond's cost. If the accused skips bail, the Indemnitor and bail bonds firm now have to pay the court the $10,000, so getting the information and a lot of it about the defendant is certainly important. Also Read: Santa Barbara Bail Bond

 

Collateral: For a $10,000 bond, it is usually less likely that collateral will be needed. But if the Indemnitor does not have very good credit, no job, and other signs of concerns connected with being able to pay the debt, collateral will definitely be needed. Bail set at $25,000 and above is generally where getting some type of collateral is requested. Good collateral is a piece of property that has more equity in it that the total bail amount. Doubtful equity is normally like a pink slip to a mediocre vehicle.

 

Great Credit: Having great credit will enable you to bail someone out even if their bail is upwards of $50,000. But definitely for $10,000, if you have good credit and the $1000 premium, you will be able to move quickly through the bail bonds procedure and your friend will be out soon.

 

That's about all you will need if you are looking for a Ventura Bail Bonds company to bail out your friend who has called you at 2 am Saturday morning. Other than, money, collateral, great credit and a willing bail agent, it is normally also advisable to get acquainted with the bail bonds industry and the process within it. It's also highly suggested that when searching for a company to work with, reputation is very essential. For some reason, the bail bonds industry has its fair share of shady businesses and knowing a little bit about the industry will help you filter out the bad apples.

 

Just Be sure to do your normal homework, like; examine the Better Business Bureau, California Bail Agents Association and make sure the agents have a license and then make sure the license is in good standing. These are an essential steps to take. Also, do your due diligence and call around. Call at least three companies and you will get a feel for who you will want to work with. Don't just contact the ones rated in the top of Google, jump down and call a couple smaller ones. Then make your choice based on instinct and trustworthiness.

 

805bail.com specializes in California Bail Bonds. We provide 24/7 services in Ventura County, Santa Barbara County and Los Angeles. To know more about our services, Call us at 805-641-2245 or Visit 805bail.com now!

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Created on Nov 14th 2017 23:56. Viewed 384 times.

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