As friends, we stick together. We support one another. We help out when we can. So, if your friend was arrested some time ago, and they are still sitting in Marion County Jail without a solution in sight, you likely feel the urge to do something about it. But hiring a bail bond company is serious business. You accept a lot of liability by posting another person’s bond in Indianapolis.
Before you move forward with any decisions, continue reading to learn what you need to know about taking on the responsibilities of a bail bond contract, plus who to trust for a speedy release from jail in Indianapolis.
Bail Bond Agreements
A bail bond agreement is a legally-binding contract. Once you sign it, there is no turning back. So, what kind of liability do you take on as a co-signer to a friend’s bail bond? Mostly financial. You see, by hiring a bail bondsman in Marion County, you are only paying a fraction of your friend’s bond amount. For example, if your friend’s bond is set at $5,000 and the bail agent charges a 10% rate, you only pay $500 (non-refundable) to get them out of jail.
But if your friend does not obey all terms and conditions of the bail bond agreement, such as staying in town, obeying the law, refraining from criminal activity, and showing up for all court hearings, you will be responsible for paying back the remaining $4,500. This is why you should only cosign for a bail bond for friend that you know very well and trust very deeply. If your friend is known to get in a lot of trouble or not learn from their mistakes, it is not recommended to bail them out of jail.
It is important to think about all of these factors ahead of time to protect yourself against taking on such devastating financial liability. So, here’s what to do if your friend is stuck in jail:
☑ Decide if they are trustworthy.
☑ Contact a Marion County bail bondsman.
☑ Meet at the office and complete all paperwork.
☑ Pay the non-refundable bail bond fee.
☑ Be sure your friend shows up for court!
Bail Bond Costs
The cost of bail bonds is regulated by the state. All bail bond companies are required to charge between 8 percent and 15 percent of the person’s total bond amount. Bail bond companies in Indianapolis accept most forms of payment, including collateral.
Are you looking for a seasoned bail bond company that can help you through this confusing and stressful time? Contact Woods Bail Bonds at 317-876-9600 for the fastest and friendliest bail bond services in Indianapolis, Indiana. Request a free estimate or information, anytime.
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