Bail bonds are a service offered by various bail bond companies. It is designed to help get people out of jail and back home.
What is a bail bond?
A bail bond is a financial instrument that guarantees the release of an individual from custody. The amount for which the person puts up as collateral to be released is called their “bail.” In exchange, they will pay a certain percentage of this money back – usually about 15% to 20%. This percentage can vary depending on the state or jurisdiction.
Bail bonds work in three ways:
1) The customer pays a fee,
2) They put up property as collateral,
3) or have someone else pledge their assets for them.
Suppose the person who was bailed out of jail doesn’t appear at all scheduled court hearings. In that case, the bail company will contact law enforcement to apprehend the person who skipped town and re-arrest them on an escape charge.
This can be avoided if you follow these three steps when looking for a bail bond company in Pike County.
For more information on bail bonds Pike County, visit www.anytimebail.com or www.libertybailbondspa.com.