Uploaded on Oct 5, 2021
Before applying for any bails bonds gathering the rights information about it is essential for every defendant. If you are confused about the common bail bonds type or don't know the bail bonds procedure? then don't worry, in our blog post, you can get the best information about it. Read now!!
What Are the Common Bail Bonds and the Differences Between Them?
Knowing the Difference Between Secured Bail Bond
and Unsecured Bail Bond
If you or someone you love is put in jail, you can post a bail for their
release until the trial date. Posting a bail means you will pay the bond
amount to court for getting out of jail while you await your court
hearings. If you’re aware of your rights, you can stay out of prison with a
bail bond. Since bail money is set quite high and unaffordable for
defendants in most cases, you can hire a reputable bail bonds Yreka
company to post a bail for you.
These bail bonds companies provide you the financial help you need to
get out of jail until your court date. This bail amount is used as a surety
that the defendant will show up to the all scheduled trial dates. When
posting bail, there are two main types of bonds : Secured bail bond and
Unsecured bail bond.
Keep reading to learn the difference between the two common
bonds known as secured and unsecured bail bonds:
Though both the bonds are used to keep the defendant out of jail until
court appearance, they are different and you must know the differences.
Secured Bail Bonds
As the name suggests secured bonds will need something to secure your
release. This means you will have to pay a bail amount set and offer
collateral as security and surety that you will appear before the court.
The financial help you’re receiving from the bail bonds Red Bluff agent
you will hire needs to have something to recover the amount you
borrowed from them in case of failure to appear before court.
If you fail to appear before the court for your trails, the collateral will be
seized and money will be forfeited. secured surety bond is the most
common type of pledge that requires something to secure. So, the
collateral and money you offer to the agent will make sure that you will
not flee and attend all the trials of your case.
What can be offered as a collateral ?
Here are some of the examples
Debit cards
Car
Home
Stocks
Unsecured Bail bonds
Under an unsecured bail bond, you will sign an agreement that you will
appear in court. However, you will have to pay the amount if you violate
the conditions of bond on your contract or don’t come to appear in court.
So, in unsecured bail bonds, you don’t need to offer any valuable
possessions or pay money in order to secure your release.
It is a written contract where your signature will be needed. But if you fail
to fulfill the promises you have done on the contract, you will pay a fixed
amount of money agreed to pay as per the contract.
To know which bond you will qualify for, you will need to get in contact
with a reputable and experienced Redding bail bonds company.
While using these bonds to secure your release, you need to follow all
the conditions and not violate any conditions of the bond to avoid the
trouble. Breaching any of the bonds’s conditions will put the defendant in
serious trouble. You will get arrested and will not be granted bail further.
---- Source ----
https://timebusinessnews.com/knowing-the-difference-between-secured-bail-
bond-and-unsecured-bail-bond/
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