Monthly Archives: September 2018

What Do Bail Bond Companies Accept As Collateral?

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There are various ways you can pay for a bail bond, and one of those options is an alternative to cash. Many bail bondsmen accept collateral in place of cash for those who do not have the immediate funds to cover the non-refundable bail bond fee. If you are in the same position, and require a bail bond for yourself or a loved one, you have the option of putting up collateral as well, so long as you retain the types of collateral accepted by such agencies.

Continue reading to learn more about collateral and bail bonds, including what types of collateral are generally accepted by bail bond agents.

Indiana Bail Bonds 317-876-9600

Indiana Bail Bonds 317-876-9600

What is Collateral?

In the indemnity industry, collateral is an alternative or addition to paying cash for a bail bond. Rather than paying cash for a bail bond, a client can offer collateral in place of cash, or in addition to cash, to secure a release from jail. Essentially, it is a type of credit or loan since you will receive the collateral back in full so long as you adhere to all court orders, including showing up to your hearing on time. This arrangement also ensures the bail bondsman that you will show up for court. Overall, collateral is something of value that is used as a form of short term debt security and payment assurance.

Bail Collateral

There are numerous forms of collateral a client can offer in place of, or in addition to, cash. Most types of collateral are significant, tangible assets, such as real estate and motorized commodities. However, there are some unexpected forms of collateral that are usually accepted by most bail bond companies. These include:

    ▣ Real Estate
    ▣ Vehicles
    ▣ Boats/Yachts
    ▣ Watercrafts
    ▣ Bank Accounts
    ▣ Stocks
    ▣ Investment Bonds
    ▣ Jewelry
    ▣ Personal Credit
    ▣ Credit Cards
    ▣ Promissory Notes (Rare)
    ▣ High Value “Pawnable” Items

Can’t Pay for a Bail Bond?

If you are having trouble finding ways to pay for a bail bond, whether you need to surrender to an arrest warrant or bail a loved one out of jail, there are other ways. See our blog, “How to Find Money for Bail” for ideas that can help raise funds quickly for a bail bond. In the meantime, discuss your concerns with a trusted Indiana bail bondsman who cares about your security and comfort. This bail bondsman is James Woods, and his agency offers this type of compassionate and personalized bail assistance.

Contact James Woods Today!

Indiana Bail Bonds

Danville Bail Bonds 317-745-6500

Call Woods Bail Bonds at 317-876-9600 for prompt and professional Indianapolis bail bond services, information, and advice you can trust. Owner, James Woods, and his team of licensed and insured bail agents, provide 24 hour bail bonds in over 30 Indiana counties. Regardless of time, day, or city, we can get you out of jail fast, and for as low as 8% of your total bond! Request a free estimate, anytime.

Can I Post Bail if I Am Unemployed?

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There is never a good time to go to jail. Whether you have just discovered that there is a warrant issued for your arrest, or you are arrested on the spot for a suspected crime, the first thought that comes to mind is, “how do I get out of this?” Fortunately, there is a bail bond system available for those who cannot afford to pay the entire bond amount in cash.

Bail bond companies charge a non-refundable fee to provide indemnity for anyone looking for post bail. The catch for using a bail bond is that you are under strict rules and supervision. You must appear for all court hearings and adhere to all court orders, otherwise, you have to pay back the remainder of your bond, plus face additional criminal charges.

The bail bond process is quite simple and straightforward, but it can pose problems for those who are unemployed. If this is your situation, continue reading to learn how you can get out of jail using a bail bond, without having a job.

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Bail Bonds for the Unemployed

If you do not have a job, a bail bondsman will not likely do business with you because you do retain the financial capacity to cover the total bond amount in the case that you do not adhere to all court orders and have to pay back the entire bond. However, you still have options. You can either find a co-signer, or you can secure a bail bond using personal collateral.

Co-Signer

If you can find a person, friend or relative, to be the co-signer on your bail bond, you do not have to be employed to receive service. The co-signer must be able to provide proof of income, employment, and various other documents to qualify, but as long as they are employed and make enough to cover the total bond amount, they are generally qualified to be a co-signer. The co-signer will be legally liable for the total bond amount if you skip your hearings or disobey court orders, so be sure they are totally informed before signing the bail bond agreement.

Collateral Bond

If you cannot find a qualified co-signer to post your bail, you may be able to secure a bail bond using personal collateral. Personal property such as vehicle titles, mortgage deeds, credit card payments, and any other types of assets on paper, can be used in place of cash to secure a bail bond; however, you will still have to pay a set fee for a bail bond too. The bail bondsman holds onto the collateral, which is returned to you when you appear for your court hearings. If you fail to appear for court, you sacrifice your collateral.

Do You Have More Questions About Bail?

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Call Woods Bail Bonds at 317-876-9600 for prompt and professional Indianapolis bail bond services, information, and advice you can trust. Owner, James Woods, and his team of licensed and insured bail agents, provide 24 hour bail bonds in over 30 Indiana counties. Regardless of time, day, or city, we can get you out of jail fast, and for as low as 8% of your total bond! Request a free estimate, anytime.

Are There Statutes of Limitations on Arrest Warrants?

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Have you had a warrant out for your arrest for quite some time, but have yet to address it in court? You might be hoping that after so many years, arrest warrants are nullified; unfortunately, this is not the case. Continue reading to learn more about arrest warrant statutes of limitations, and who to talk to about surrendering to an outstanding warrant in Indianapolis.

Arrest Warrant Bail Bonds 317-876-9600

Arrest Warrant Bail Bonds 317-876-9600

What You Need to Know NOW

After the legal time limit given to an offender is up, an arrest warrant becomes “outstanding.” Once a warrant is an outstanding arrest warrant, offenders are in violation of surrendering themselves to authorities in due time. This could mean that the offender could face additional penalties on top of the original ones.

Some people think that if they outrun or dodge an arrest warrant long enough, the warrant will eventually go away, but this is not true. As long as you are around, your arrest warrant will be too. The same principle applies to all other types of warrants too, such as bench warrants.

Surrendering to a Warrant

It is important to always surrender to a warrant as soon as you have the opportunity to make the necessary arrangements, such as taking time off work and finding a sitter for the kids and pets. The longer you wait to turn yourself in, the more legal troubles you can face. It is in your best interest to hire a criminal defense lawyer for help navigating negotiations for your arrest. They can help reduce or dismiss any additional penalties accrued as a result of waiting too long to surrender to a warrant. This possibility is reliant on several factors, and may not apply to all defendants.

To surrender to an arrest warrant, simply follow the instructions of your lawyer. If you have not yet hired a lawyer, you can easily turn yourself in, and obtain a release from jail, all on your own, or with the help of a friend or loved one.

Start by contacting an Indianapolis Bail Bonds Company in the county of your warrant. They offer prearranged bail bonds, which means you can set up your release from jail before turning yourself into authorities. The bail bondsman will have you sign a bail bond agreement, make a nonrefundable payment, and then take you to the jail. After an hour or so, you will be finished with the booking process, in which time the bail bondsman will be there to pick you up and take you back to their office.

There are some exceptions to the rule of statutes of limitations, but not for warrants. Prosecutors have a set amount of time to bring criminal charges against a defendant, and warrants must be issued in a “timely” manner. Furthermore, the state must make a viable effort to locate an offender, otherwise, a judge could dismiss the case.

Talk to a trusted Indianapolis bail bondsman for more information about arrest warrants and the process for turning yourself in to jail.

Indiana Bail Bonds

Danville Bail Bonds 317-745-6500

Call Woods Bail Bonds at 317-876-9600 for prompt and professional bail bond services in Indiana. We provide 24 hour bail bonds in over 30 Indiana counties. We serve the Northern, Central, and Southern Indiana areas with safe and secure bail bonds you can afford. Right now, we are offering 8% bail bonds! Request a free estimate or information, anytime.

Learn What Woods Bail Bonds Can Do For You!

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Here at Woods Bail Bonds, we understand that an arrest of a loved one is a difficult and confusing time for our clients. So to help put them at ease, we offer superior customer support, reasonable bail bond rates, and several customer amenities. But the best part is, we are currently offering 8% bail bonds! Not only is this the lowest bail bond rate offered in years, it is a rate you can’t find anywhere else!

Continue below to see what all Woods Bail Bonds can do for you!

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Woods Bail Bonds of Indiana

Woods Bail Bonds is a licensed, insured, and bonded company based out of Indianapolis, but also provides safe and secure bail bond services throughout Northern, Central, and Southern Indiana. In fact, we serve over 33 Indiana counties with reliable, 24 hour bail bonds. With more than three decades of experience in the indemnity industry, we have rightfully earned and upheld good-standing relationships with local courthouses and jails all across the state.

These professional relationships are what set us apart from our competitor; it allows our team of licensed bail bondsmen to deliver fast and professional bail bond services for anyone arrested or surrendering to an arrest warrant in Indiana. As a family owned and operated business, their team includes owner Jim Woods, office manager Teresa Woods, and their son, Vice President Nicholas Woods. All three are eager to help obtain a safe and prompt release from any Indiana county jail!

Marion County Bail Bonds

The one of the main headquarters for Woods Bail Bonds is located in Downtown Indianapolis, right around the corner from the Marion County Jail. Over the course of 30 years, we have established close ties with the local courthouses and jails, giving us an advantage in this area of the city. Take a look at all the bail bond services we offer, below.

Our Bail Bond Services Include:

    ✔ 24 Hour Bail Bonds
    ✔ Emergency Bail Bonds
    ✔ Discreet Bail Bonds
    ✔ Pre-Arranged Bail
    ✔ Inmate Lookups
    ✔ State Bonds
    ✔ Federal Bonds
    ✔ Probation Violation Bonds
    ✔ Arrest Warrant Bonds
    ✔ Bench Warrant Bonds
    ✔ Property Bonds
    ✔ Immigration Bonds
    ✔ Cash Bonds
    ✔ Notary Service
    ✔ Free Jail Information
    ✔ Free Jail Pickup and Drop Off
    ✔ Free Estimates
    ✔ And More!

How to Get Started With a Bail Bond

Indianapolis Bail Bonds 317-876-9600

Indiana Bail Bonds 317-876-9600

Call Woods Bail Bonds at 317-876-9600 for safe and secure Indianapolis bail bonds you can trust. We also offer prearranged bail bond services for those needing to surrender to an arrest warrant. In some cases, we can get you turned in and released in as little as one hour. And don’t forget that right now, we are offering 8% bail bonds! Request a free estimate or jail information, anytime.