Getting arrested, especially if you are innocent, is a terrifying experience. Usually, criminals are read their Miranda rights, handcuffed, and taken to custody. The defendant becomes a prisoner after being detained, photographed, and fingerprinted. The accused could be given immediate bail, depending on the severity of the alleged crime. Click cheapbailbondpayments.com/safest-town-in-connecticut/.
The suspect will be held in gaol until he is taken before a judge at a bail hearing if the crime is not a minor one. The judge will decide at the hearing whether the defendant is qualified for parole or not and, if so, how much he should pay. If the accused can pay the charge, the same day, he can get out of prison. Although the cost is always very high for a criminal crime, a defendant or his loved ones may be required to seek bail bonds.
Ok, what are they?
Bail bonds are a form of insurance policy that is taken out to make sure the defendant turns up for his court date. Since most persons convicted of a crime come to court at the appointed time on the expected date, bonding out is a fairly normal procedure. In order to cover these expenses, there are also organisations that lend people money.
What’s For Them In It?
Many who deal with bail bonds charge interest rates for the service, as any organisation that loans money out. These rates also depend on the size of the loan and the accused’s criminal background. It could be difficult for him to secure a loan from a bondman when a suspect is considered a potential flight risk and is yet given bail. However, in the vast majority of cases, a bond is posted at a fairly rational 10 per cent rate.
If a bondman is worried about the defendant being able to run or “jump” bail, he can request collateral. He does this because if his client fails to turn up, the court will keep the bondsman financially liable, i.e., after a certain amount of days, he will forfeit the bond he posted. The bondman could put his business at risk when the loan is a big one and it is forfeited.
The bondsman hires bounty hunters in order to ensure that he does not lose his income. These freelance experts are charged with tracking down fugitives who have missed their court date. If the bounty hunter gets his hands on the fugitive before the police do so, a portion of the bail will be paid. But if he is first captured by the police, the bounty hunter goes home empty-handed. The bondsman wins either way.