People who are accused of crimes are often offered the option to post bail. Essentially, bail acts as collateral. So long as the person shows up for his or her court dates, they will get the money back at the end of the trial. If they don’t show up, they forfeit the money. Many people don’t have the cash to post bail up-front, but they can work with reliable bail companies to access the needed funds.
Why do bail bond companies post money for bail? They aren’t doing so purely for charity, but instead, they are looking to make money. A bail company will provide the money for bail, but in exchange, they will charge a fee.
The fees may vary, but typically they account for 10%. Let’s say you must post $10,000 for bail. The bail bond company could charge a 10% upfront fee, which would amount to $1,000. While $1,000 is still a decent chunk of change, it’s much less than $10,000.
In practice, reliable bail companies make it easier for people to remain free during the court process. This helps increase equity within society and can keep families together. If you or a loved one needs to post bail, it’s smart to find a fair and trustworthy bail bond agent who can provide assistance.