Getting arrested is never a fun ordeal. Unfortunately, it’s a fact of life for many Americans. In fact, approximately 52% of American men will be arrested at least once in their lifetime. A pretty staggering statistic, but one that highlights just how important it is to know some of the ins and outs of the post-arrest world. One of those areas is bail bonds and bail bondsman. Whether it’s for a felony or misdemeanor bonds are virtually the same, it’s just the amount of money will naturally be much different, depending on the level of crime.
Basically, misdemeanor bonds tend to be smaller amounts of money that are put down to get someone who’s awaiting trial/charges to be released from prison. The fact of the matter is that sometimes people don’t have the cash on their own to come up with the money to pay for even misdemeanor bonds. That’s where things like bail bond services or a bail bond company can come into play. They will post the bail and you will only have to pay them back about 10% of what the bail was.
Here are three reasons you might need a bail bond agency.
- No Liquid Assets: Even people with a lot of wealth might not have the cash on them for a bond. Whether you’re an investor in stocks, bonds, solid materials like gold and silver, or any other sort of investments, many people just don’t keep a lot of their money liquid. Liquid assets essentially just refers to things that you can turn into cash money relatively quickly.
- Assets Seized: Depending on the crime you’re being accused of some of your monetary assets might have been seized in the process. This will obviously present a problem when it comes time to pay the piper, or in this case bond. While this is something you probably won’t have to worry about when it comes to misdemeanor bonds, it is important to note.
- Not Enough Money: At the end of the day some people just simply don’t have enough money to post a bond to get out of jail. Instead of simply waiting the time out a bail bond company can help work with you to get you out leaving you to pay them back.
Dealing with the wrong end of the law is never a good thing, but it happens. Keep these things in mind when it comes to bail bonds.