Inmates who don’t meet basic criteria to secure a bail bond often find themselves sitting in jail as they await trial. Pretrial detention can last weeks or months. Luckily, with the help of a co-signer and collateral it is possible to secure an experienced bail bondsman in Atlanta.
The
Purpose of Co-Signers & Collateral
When
an inmate secures a bail bond, the bond agent is assuming
responsibility to pay bail in full in case of the defendant’s flight.
For added insurance, many bond agents require defendants to have fair
or good credit and/or gainful employment.
When defendants do not meet these criteria, co-signers and collateral become crucial. A co-signer is an added party with employment and good credit. They assume responsibility for getting the defendant to a court or paying full bail should the defendant flee.
Similarly, collateral introduces an alternative form of payment if the defendant does not appear. Collateral can be boats, cars, jewelry, guns, or anything else of value that the bond agent can liquidate to pay the bail bond cost or the cost of full bail if necessary.
Bail
Bond Costs
The
bail bond cost is its premium, a nonrefundable payment that the bond
agent collects as a fee. The premium is usually 10 to 15% of the
entire bail amount. After posting a bail bond, inmates can expect to
be released usually within two days. In crowded county jails, wait
times until release may be slightly longer.
To secure a bail bondsman in Atlanta, contact Free at Last Bail Bonds: an efficient, trusted source of municipal, state, and superior bail bonds.
