Barbed wire fence outside jail

No-collateral Bail Bonds

No-collateral bail bonds are when a bail bonds company can offer a person a way to get out of jail.

The bail bonds company in effect, vouches for your honesty in showing up to court, etc. The no-collateral aspect is the same as an unsecured loan from a bank. All defendants would like to have a no-collateral bail bond. All that is required, is a signature on documents, stating that they will appear in court and settle their case. If approved for a no-collateral bond, the defendant will likely need to put down 10 percent of the bond, and the company is on the hook for the remaining amount.

To get a no-collateral bail bond, the company will look at a person’s criminal background, type of crime, credit history, character, length of time living in a specific location and many of the same things a bank would look at for approving a credit application. These are sometimes also called signature bonds. The bail bond company wants to make sure that the defendant does not skip town, in which case they are responsible for the remainder of the bond. When the case is completed and everything is settled, the bail bond company is off the hook for liability.

Beware of Bail Bond Companies Guaranteeing No-Collateral Bail Bonds

There are ads out touting that everyone can get a no-collateral bail bond. That is not reality. Just like companies that guarantee car loans to anyone, there is small print on most applications that can disqualify a person from getting the bond. A long criminal history, a serious crime, no history of a permanent address. These things are listed in fine print and can disqualify the person.

What to Do if a No-Collateral Bond is Denied

• Post Cash bail. If money is available, posting cash bail is one sure way of getting out of jail. This means paying the entire amount of the bail, not just the 10 percent fee. After the case is over, the cash bail can be returned to whoever posted it, in most cases.

• Secured bail Bond. This is a bond put up by a bail bond company that is secured by collateral. Typically, the collateral is cash, securities or real estate. When the case is completed, the property is typically released from collateral. If the defendant fails to appear, the property is taken by the bail bond company to satisfy the courts.

• Release on own Recognizance. If the crime is a misdemeanor, sometimes the court will release the defendant on their own recognizance. This means that they promise to return and appear for the case.

In conclusion, getting a no-collateral bail bond is possible, however, you need to have a good credit background, a history of residency, no criminal background and not be charged with a serious crime.

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