Someone who needs to take advantage of Bail Bonding in Arlington TX to help a loved one generally has two ways to secure the bond: a deposit or collateral. When they want to use a deposit, they should make sure they understand how much needs to be paid right away and what happens at the end of the bond.
Paying the Deposit
The deposit for a bail bond is typically 10% of the full bond amount. If the bail is $10,000, the bail bond deposit will be $1,000. Most bail companies will accept all major credit cards, debit cards, cashier’s checks, money orders, and other types of payment. It is a good idea to learn about the types of payment accepted before visiting the bond company to ensure everything is ready when the bond is secured.
If the Terms are Broken
If the terms of the bond are not followed by the arrested person, the one who secured the bail bond will forfeit their deposit and be required to pay the remaining 90% to the bondsman. This is to ensure the bondsman does not lose money by being unable to get their bail payment back from the jail. Depending on the bond company, it may be possible to repay this amount in regular monthly payments so it is not all due at once.
If the Terms are Followed
If the terms of the bond are followed by the arrested person, the person who secured the bail bond will not need to pay anything else. The amount used to secure the bond, however, will not be returned. The deposit at this point is considered the service fee for the bond, so it will be kept by the bond company.
If you want to help a loved one who has been arrested, make sure you understand the different options for securing a bail bond. A bail bondsman can explain more about Bail Bonding in Arlington TX and the deposit or collateral that will be required to secure a bond. Contact Ronnie D. Long Bail Bonds Today to get more information or to find out what can be done to secure a bond for your loved one right away.