No one expects to get arrested, but it can happen. If you are contacted by a loved one in jail, then he or she may be already offered bail. A bail is the fee a defendant has to pay to get released while awaiting trial.
If you do not have the money to pay the bail in full, then you may have to enlist the help of a bond company Allegheny County PA service. Read on to find out how to get your loved one out on bond with your car title.
Put Up Collateral
A bail bondsman pays the bond on your behalf for a fee. This fee varies depending on the company, but can be 10 percent or more of the bail. For example, if the bail is $20,000, then a bondsman who charges of 10 percent would want a payment of $2,000. You will need to have $2,000 upfront or take out a loan to pay the bondsman. If you do not have the money, then you can use your car title for collateral. This loan is based on the value of your vehicle.
Pay the Remaining Expenses
You may have to provide collateral to pay for the remaining cost of the bond. This collateral protects the company if the defendant does not show up for court. You would have to pay the fee and hand over your collateral. However, you will not get the fee back, but you can get your collateral back.
Your collateral must have a certain degree of value. If the defendant shows up in court, then your collateral is returned. However, your collateral is forfeited if the defendant does not show up in court. It is used to cover the remaining bail.
Choose Your Collateral with Care
You must understand that the collateral put up for bond is kept by the bail agent. It stays in possession of the agent until the defendant attends court. It is important to choose careful because it can be an inconvenience for you to be without this possession. You will not have to leave your car, but the title for the vehicle. However, the company will seize the vehicle if the defendant skips out on the bail.
You should only put up collateral for someone who you trust. However, you can still have unexpected results with someone that you trust