What do Bondsmen do for you?
What are Bondsmen?
A bail bond agent, or bondsman, is any person or corporation that will act as a surety and pledge money or property as bail for the appearance of persons accused in court. Although banks, insurance companies and other similar institutions are usually the sureties on other types of contracts (for example, to bond a contractor who is under a contractual obligation to pay for the completion of a construction project) such entities are reluctant to put their depositors' or policyholders' funds at the kind of risk involved in posting a bail bond. Bail bond agents, on the other hand, are usually in the business to cater to criminal defendants, often securing their customers' release in just a few hours.
Most defendants are financially unable to post their own bail, so they seek help from a bailagent,who, for a non-refundable fee of 10 percent of the bail amount (over $2500.00), post bail. A bondmen becomes liable to the court for the full amount of the bail if the defendant fails to apper for the court dates. Before agreeing to assume the risk of posting bail, the bondsmen requires cosigner(s) that are creditworthy friends or relatives of the defandant. The cosigner(s) act as serurity to ensure repatment for any losses the bondsmen might incur. If the defendant appears to be a "high risk," and unlikely to return to court for trial, the bondmen will refuse to post the bail or ask for more collateral.
bail bonds howell nj
No one has ever referred to their time in jail as a fun experience. Being locked up is a traumatic and scary experience that can cause anyone to panic. At Bail Depot Bail Bonds LLC we know how humiliating and frightening it is behind bars. You may not have even committed a crime but because of the circumstances you may find yourself in jail in Howell, NJ and that is when you need to call Bail Depot Bail Bonds, LLC.