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Finance

3 Types Of Bail Bonds

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For anyone who has been convicted of a crime in the United States, the concept of bail may be all too familiar. To “make bail” refers to the process of paying a large sum of money to the county court so that you can be released from custody until your court date. This money is returned under the circumstance that you appear in court for your date. There are many kinds of bail bonds available for different situations. Here are the three most popular types of bail bonds.

Surety bonds are the most common type of Lackawanna County bail bond. Surety bonds are applicable when a person has been arrested for a crime, and they are being held by the court system until bail has been made. By calling a bond agent, you can quickly acquire a bail bond so that you can be released from jail temporarily.

Another popular type of bail bond is property bond. Property bonds are similar to typical bail bonds, but they involve a piece of property being held as collateral to ground the bond. Since a bond is similar to a small loan, this is not uncommon in the financing industry. Be aware that only specific types of property are accepted. Online resources can help you learn what types of properties are acceptable for property bonds.

The third most popular type of bail bond is cash bail. Cash bails are less common as the world transitions away from physical money, but they are still an option if you have access to high-value funds in physical money form.

It is important to consider your financial situation when inquiring about a bail bond. Unfortunately, you likely will not have many options when in need of one, but you can educate yourself prior to getting arrested to make sure you end up in a better situation.

 

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