Knowing The Difference Can Save You A Lot Of Money
Many people out there do not realize that there is a difference between bail and bail bonds. The terms are similar, but they mean different things. Here is exactly what these 2 terms refer to.
Bail is the amount of money owed to the court for your loved one to be released from jail. Bail has to be paid in full before your loved one will be released. It usually costs several thousands of dollars, which makes it difficult for some people to pay. However, at the end of the trial, the bail money will be refunded to the person that paid it, provided the defendant made it to all of his or her court appearances.
A bail bond is sort of a loan from a bail bond company. The bail bond company pays the bail for a fee, which is 10% of the cost of the bail. This can greatly reduce the cost of bailing your loved one out of jail and makes it easier to pay by allowing clients to pay with different methods. People who use bail bond companies can also get the added benefit of using a payment plan to pay for the bail bond. Unlike with bail, the bail bond will not be refunded at the end of the trial since it is considered payment for the bail bond company paying for the client’s bail.
If you still have questions regarding the differences between bail and bail bonds, feel free to talk to the professionals here at Newberry Springs Bail Bond Store. Our bail agents are available to help anyone 24 hours a day, 7 days a week (including holidays). We won’t let you down.