Bail bonds operate much the same way from state to state. If you need a bail bond, you will pay a percentage of the total bail cost to the bail bondsman. In most states this is 10% of the total amount. However, you may hear the bondsman refer to percentage amounts that are not the traditional 10%. Here are a few of the alternative percentage amounts you may hear and what to know about each one.
No Percent Down
Depending on your location, you may hear about a form of bail bond called a no-money-down or no-percent-down bond. These bonds can be confusing for some people since no money is required. These bonds are also called collateral bonds. This means that if you do not have the money on hand to pay for the bond, you can use collateral. Collateral can be a car, property, or another owned asset. The deed, title, or other form of ownership will be held by the court system until you show up for your court date.
One Percent Bond
There are several laws you can break that will lead to an arrest. Some of these laws deal with non-violent crimes. For example, you may be arrested on a DUI or for check fraud. In these cases, you may be eligible for a one percent bond. This allows you to pay only one percent of the bond amount and make the rest of the payment on a payment plan with the bondsman. Most bail bondsmen only use this option in cases that are considered non-violent and that do not deal with drug violations.
15% Bail Bond
There are some bondsmen that will handle harder cases where bail bonds may be more difficult for the arrested individual to get. These cases usually deal with violent crimes, including murder charges. Because these crimes are violent acts and may have much higher bond amounts, the bail bondsman may charge more than the typical 10% they would normally offer. The amount for these types of bail bonds is usually around 15%, but it can go higher depending on the state and the bondsman.
These percentage amounts are not offered by every bail bondsman or even in every state. It is up to the discretion of the bondsman and the local laws if these other amounts can be offered. If you are concerned about the percentage amounts your bondsman refers to, make sure to ask them about how it works before you sign for the bond.
Contact a company like Steele Boys Bail Bonds to learn more.
Share18 March 2021
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