How Does a Bail Bond Work?

Someone who is arrested might ask a friend or family member for help paying their bail amount so they can be released from jail pending their hearings. If the family member does not have sufficient funds to pay the full bail amount, they might want to obtain a bond instead. They will need to speak with a Bail Bondsman in Atlanta to do this.

How a Family Member Obtains a Bond

When the person speaks with the bondsman, they will need to let them know what the bail amount is. The family member will be required to pay a percentage of the bail amount or provide collateral worth enough to cover the full bail amount to be able to obtain a bond. They will need to read the terms of the bond carefully. Once they decide to obtain the bond, they can sign for it and the bondsman will pay the full amount to the jail to secure the person’s release.

What Happens if the Terms are Followed?

The bondsman receives the full bail amount back again if the arrested person follows all of the terms of the bond. This means the bondsman does not lose any money on the bond and, instead, just obtains the fee necessary to cover their services. They would return the collateral given to secure the bond if it was required.

What Happens if the Terms are Not Followed?

The bondsman does not receive their money back if the terms of the bond are not followed. This means they stand to lose a significant amount of money if the terms of the bond are not followed. In these cases, the bondsman will keep the collateral and sell it to recover their losses or they will require the person to pay the remainder of the bail amount back again to recover their losses.

When a family member or friend has been arrested and a person wants to help them, one of the options they have is to speak with a Bail Bondsman in Atlanta about obtaining a bail bond. They will want to think carefully about this option and ensure they understand the terms of the bond to make sure it’s the right choice. If you’d like to learn more or obtain a bond, visit the website now.