Frequently Asked Questions About the Indiana Bail Bond System

Posted on May 29, 2024 by admin

Navigating the bail bond system in Indiana can be a daunting experience, especially for those unfamiliar with legal procedures and terminologies. Whether you’re dealing with an arrest situation directly or supporting a loved one through the process, understanding how bail bonds work is crucial. This blog post aims to demystify the Indiana bail bond system by addressing common questions and providing clear, concise answers.

From the basics of how bail bonds operate to the specifics of fees and conditions, we will equip you with the knowledge you need to navigate this complex system with confidence. Stay tuned as we break down the bail bond process step by step, ensuring you are well-informed and prepared.

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FAQs About Bail Bonds in Indiana

What is a bail bond?

A bail bond is an agreement between the defendant, a third-party called the surety, and the court. It allows the defendant to be released from jail in exchange for a promise to appear at all scheduled court hearings. The surety acts as a guarantor for the defendant’s appearance, ensuring that they will fulfill their obligations under the bond. In simple terms, a bail bond is a way for someone accused of a crime to secure their temporary release from jail while awaiting trial.

What are the rules for bail bonds in Indiana?

In Indiana, bail bond agents must be licensed and regulated by the Department of Insurance. They are required to follow state laws and regulations when conducting business, including charging only approved fees and following guidelines for collateral. Additionally, they are prohibited from engaging in any unethical or fraudulent activities.

Does Indiana have a no bail law?

No, Indiana does not have a no bail law. However, there are certain circumstances where a defendant may be denied bail. These include cases involving serious or violent crimes, previous failure to appear in court, and concerns about the defendant being a flight risk.

How is the amount of bail determined?

The amount of bail is set by the judge at the initial hearing, also known as the arraignment. The judge considers several factors, including the seriousness of the offense committed, flight risk, criminal history, and ties to the community when setting bail.

How does the bail bond process work in Indiana?

Are you wondering how to bail someone out of jail in Indiana? When a person is arrested in Indiana, they are taken to the local county jail where they are processed and booked. Once this process is complete, the defendant can either post bail or remain in custody until their court date. If the defendant wishes to post bail, they can either pay the full amount of the bond (known as a cash bond) or use a bail bondsman’s services.

Bail bondsmen will generally require a non-refundable fee of 10% to 15% of the full bond amount and may require collateral from the defendant or their loved ones. Once the bond is posted, the defendant will be released from jail and must appear at all scheduled court hearings. Failure to do so can result in the bail being revoked and the defendant being sent back to jail.

How much does a bail bond cost in Indiana?

The cost of a bail bond in Indiana is typically between 10% and 15% of the total bond amount set by the court. For example, if the bond is set at $10,000, a person will have to pay between $1,000 and $1,500 for a bail bond. This fee is not eligible for refund, as it serves as the bail bondsman’s compensation for taking on the risk of guaranteeing the defendant’s appearance in court.

Are there any conditions associated with a bail bond?

Yes, there are usually conditions attached to a bail bond in Indiana. These may include regular check-ins with the bail bond agent, restrictions on travel or contact with certain individuals, and compliance with any court orders. Failure to adhere to these conditions can result in the bail being revoked and the defendant being sent back to jail.

Can a bail bond be revoked?

Yes, a bail bond can be revoked if the defendant fails to appear in court or violates any of the conditions set by the court or bail bond agent. In such cases, the bail bond will be forfeited, and the defendant may also face additional charges for skipping bail.

What happens to the bail money?

If a cash bond was posted, and the defendant appears at all scheduled court hearings, the bail money will be returned at the end of the case. However, if a bail bond was used, the non-refundable fee paid to the bail bond agent is their compensation. The collateral provided by the defendant or their loved ones may also be returned once the case has been resolved.

Can a bail bond be refunded?

No, a bail bond cannot be refunded, even if charges are dropped or dismissed. Once the bond has been posted and the defendant is released from jail, the fee paid to the bail bond agent is non-refundable.

Do I need a bail bond if I have already paid bail?

If you can afford to pay the full amount of bail, then there is no need for a bail bond. However, if you do not have the funds readily available, using a bail bond can help you secure your release from jail at a fraction of the cost. It is crucial to understand that regardless of how bail is paid, the defendant must still fulfill their court obligations.

What if I cannot afford a bail bond?

If you are unable to afford a bail bond for yourself or a loved one, you may be able to seek assistance from a bail bond charity or organization. These organizations can provide financial support for those who cannot afford to pay the full amount of bail.

How much is a bond for a level 6 felony in Indiana?

The bond amount for a level 6 felony in Indiana can vary depending on the specific circumstances of the case. Generally, it is set at $5,000. However, this amount can increase or decrease based on factors such as prior criminal history and flight risk. It is best to consult with a bail bond agent to determine the exact cost for a specific case.

What is the difference between bail and bond in Indiana?

In Indiana, bail and bond are often used interchangeably, but there is a slight difference between the two. Bail refers to the monetary amount set by the court for a defendant’s temporary release from jail. Bond, on the other hand, refers to the contract between the defendant, their surety (bail bond agent), and the court. The bond serves as a guarantee that the defendant will fulfill their court obligations, and if they fail to do so, the bond may be forfeited.

Conclusion

In summary, by following the proper procedures and working with a reputable bail bond agent, you can help ensure a smooth release from jail for yourself or your loved one. Remember to always comply with court orders and show up for all scheduled hearings to avoid any complications in the bail process. And if you have any further questions about how the bail bond process works in Indiana, don’t hesitate to reach out to a trusted bail bond agent for assistance. Stay informed and stay prepared.

Bail may seem complex, but with the right knowledge and support, it doesn’t have to be intimidating. Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services in Indianapolis, Indiana you can trust. We also offer prearranged bail bond service for arrest warrants and probation violations.

Financial Considerations of Bail Bonds: A Comprehensive Guide

Posted on May 16, 2024 by admin

Navigating the legal system can be overwhelming, especially when a loved one or someone you know has been arrested. One of the immediate concerns for families and friends is securing the release of the arrested individual through a bail bond.

This guide aims to provide a thorough understanding of bail bonds, the financial responsibilities involved, and tips on managing costs effectively. Whether you’re a family member, a criminal defendant, a cosigner, or a friend of the arrested person, this information will help you make informed decisions.

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The Purpose of Bail Bonds

A bail bond is a financial guarantee provided to the court to ensure that the defendant will appear at all scheduled court dates. When a suspect gets arrested, the court system quickly sets a particular bail amount based on the severity of the crime, the defendant’s criminal history, and other factors. If the defendant or their family cannot afford the full bail amount, they can seek the services of a bail bond agent or bail bondsman.

A bail bond company charges a one-time fee that is not eligible for refund. The cost is usually a state-regulated percentage of the total bail amount (typically between 10% and 15% – but in some states as low as 8%). In return, the bail bondsman provides the court with a bond, which acts as a surety that the defendant will appear in court.

Types of Bail Bonds and Their Differences

Cash Bonds: The full bail amount is paid in cash directly to the court. This is refunded once the case is concluded, minus any court fees or fines.
Surety Bonds: Involves a bail bond agent who charges a fee and provides a bond to the court.
Property Bonds: Property is used as collateral to secure the bond. If the defendant fails to appear, the property may be seized.
Federal Bonds: Used in federal cases. These are more expensive and involve stricter conditions.
Immigration Bonds: For immigration-related cases, these bonds have specific requirements and higher fees.

Common Bail Terminology and Definitions

Bail Agent: The licensed professional who provides the bail bond and ensures that the defendant shows up in court.
Indemnitor: The person who co-signs the bail bond and assumes financial responsibility if the defendant fails to appear in court.
Premium: The non-refundable fee paid to the bail bond agent.
Collateral: Property or assets pledged to secure the bond.
Forfeiture: When the defendant fails to appear in court, the bail amount is forfeited.

The Role of the Bail Bond Indemnitor (Co-Signer)

The indemnitor, or co-signer, is the person (friend or family member) who bails the arrested person out of jail. This person plays a crucial role in the overall bail bond process. It’s important for indemnitors to understand the risks involved, as they may be held financially responsible for the entire bail amount and any associated costs if the defendant does not appear in court.

By co-signing the bond, the indemnitor agrees to:

Pay the bail bond premium.
Ensure the defendant appears in court.
Cover any additional costs if the defendant fails to comply with court requirements.

Payment Options Available for Bail Bonds

Bail bond agents typically offer various payment options to help manage the financial burden:

Upfront Cash Payment: Paying the premium in full at the time of securing the bond.
Payment Plans: Some agents offer installment plans, allowing the premium to be paid over time.
Credit Card Payments: Many agents accept credit card payments, providing flexibility in managing finances.
Collateral: Property or other valuable assets can be used to secure the bond, reducing the upfront cash requirement.

What Happens if the Defendant Doesn’t Appear in Court?

If the defendant fails to appear in court, several consequences follow:

Forfeiture of Bail: The court will forfeit the bail amount, and the indemnitor will be responsible for paying the full bail amount to the bail bond agent.
Issuance of a Bench Warrant: The court will issue a bench warrant for the defendant’s arrest.
Additional Charges: The defendant may face additional charges for failing to appear in court.

Impact on the Co-Signer’s Finances and Credit

The financial implications for the indemnitor can be significant:

Loss of Collateral: If collateral was used to secure the bond, it may be seized and sold to cover the bail amount.
Debt Collection: The bail bond agent may take legal action to recover the owed amount, leading to potential wage garnishment or bank account levies.
Credit Score Impact: Non-payment of the bail bond debt can negatively impact the indemnitor’s credit score, making it harder to secure loans or credit in the future.

Tips for Managing Bail Bond Costs

Shop Around: Different bail bond agents may offer varying rates and payment plans. Compare options to find the best deal.
Ask About Discounts: Some agents offer discounts for military personnel, union members, or clients with a strong credit history.
Negotiate Payment Plans: Many agents are willing to work with you to create a manageable payment plan that fits your budget.

Understanding the Legal Process to Reduce Costs

Bail Reduction Motion: An attorney can file a motion to reduce the bail amount, potentially lowering the cost of the bond.
Pretrial Services: Some jurisdictions offer pretrial services that may allow the defendant to be released without paying bail, based on community ties and the nature of the offense.
Attend All Court Dates: Ensuring the defendant appears at all court dates can prevent additional costs and complications.

Conclusion

Understanding the financial considerations of bail bonds is essential for anyone involved in the process. By being aware of the responsibilities, risks, and available options, you can make informed decisions and manage costs effectively.

If you find yourself in need of a bail bond, consider seeking professional advice and support from a reputable bail bond agent. Remember, understanding your responsibilities and the financial implications is key to making the best decisions for yourself and your loved ones.

For more detailed information or personalized assistance, don’t hesitate to reach out to a trusted professional. Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services in Indianapolis, Indiana you can trust. We also offer prearranged bail bond service for arrest warrants and probation violations.

How Much Does a Bail Bondsman Charge?

Posted on August 24, 2023 by admin

Navigating the criminal justice system can be a daunting process, especially when it comes to understanding the financial implications. One such area of confusion is the cost associated with hiring a bail bondsman. If you or a loved one has been arrested, you may find yourself scrambling to understand this essential service.

This blog post aims to demystify the charges associated with a bail bondsman and a bail bond company, providing clear and concise information about the bail bond percentage and other associated costs.

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The Role of a Bail Bond Company

When a person is arrested, they have the right to be released from jail before their trial if they can post bail. However, not everyone has the resources available to pay the full amount of bail set by the court. A bail bondsman steps in and takes responsibility for ensuring that the defendant will appear at all required court hearings. The individual or company responsible for this service is known as a bail bond company.

Bail Bond Percentage and Associated Fees

The cost of a bail bondsman’s services, or the bail bond percentage, vary depending on the state of residency and the type of crime committed. Generally, though, it can range from 10 percent to 15 percent – although some agencies permitted by the state’s insurance department to offer rates as low as 8 percent. As an example, if your bail amount is set at $10,000 by the court, then the bail bond agency will typically charge you a fee ranging from $800 to $1,500. This fee is nonrefundable, even if the defendant’s charges are dropped or dismissed.

In addition to this percentage-based fee, some states also require an administrative fee or other additional charges that may be associated with processing your paperwork. Before hiring any bail bondsman, it is important to ask about all fees up front and understand what you are paying for.

As mentioned, when you are released from jail on bail, the money or collateral posted is not returned to you. Rather, it serves as a guarantee of your future court appearances. If you fail to show up for a required appearance, then the bail bond agency will be held liable and may take legal action against you to recover any losses incurred due to your non-compliance.

How to Find an Affordable Bail Bond Agency

If you find yourself in need of a bail bondsman, be sure to do your research and ask questions to ensure you are getting the best service for the most reasonable price. Being informed is the best way to protect yourself from any financial surprises and can help make what may otherwise be an overwhelming bail bond process more manageable.

While it is important to understand the cost associated with a bail bond agent, hiring one can be a tremendous help in ensuring that you or your loved one gets out of jail and has the best possible chance at having their criminal case resolved. It is for this reason that many people choose to utilize the services of a professional bail bond company.

In Summary

No matter the circumstances, it is important to remember that you have a right to engage in fair and transparent business practices. It is your responsibility to ensure you are fully informed of all fees and other charges associated with securing a bail bond. Doing so can help make the process as stress-free as possible for everyone involved.

When searching for a reputable Indy-based bail bondsman, be sure to look for one that has a strong reputation and a history of providing quality services. Contact Woods Bail Bonds at 317-876-9600 for fast and affordable bail bond services in Indianapolis, Indiana. We also serve Northern and Southern Indiana counties, plus offer prearranged bail bonds for arrest warrants and probation violations.

Frequently Asked Questions about Making a Bail Bond Payment

Posted on June 22, 2023 by admin

When you or a loved one has been arrested, the first step is often to post bail. Bail bonds are an important part of the criminal justice system and can be confusing for those unfamiliar with how they work.

If you or someone close to you needs help understanding the process of posting bail using a bond, this blog post will answer some common questions about making a bail bond payment. We’ll cover topics such as collateral requirements, payment methods, and more so that you can make an informed decision when it comes time to pay your bond. So, let’s dive in!

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Frequently Asked Questions About Bail Bond Payments

What is a Bail Bond?

A bail bond is an agreement between the court, the person posting bail (known as the obligor), and the bondsman. The bondsman agrees to pay the full amount of the bond to the court if all conditions of release set by the court are met. In exchange for this promise, a fee equal to a percentage of the total amount must be paid up front.

How Much Does a Bail Bond Cost?

Bail bonds are a common way for people to get out of jail while they await trial. A bail bond is essentially a promise to the court that the defendant will show up for their court date. However, bail bonds can be quite expensive. In most cases, a bail bond company will charge between 10% and 15% of the total bail amount as a fee. So, if the bail is set at $10,000, the bail bond fee would be between $1,000 and fifteen hundred dollars.

It’s important to note that bail bond regulations and fees can vary from state to state, so it’s important to do your research and find a reputable bail bond company. Additionally, it’s important to read and understand the terms of the bail bond agreement before signing on the dotted line. Overall, while the cost of a bail bond can be steep, it’s often a better option than sitting in jail while awaiting trial.

What Types of Bail Bonds are Available?

When someone is arrested, the court may set bail in order to release them before their trial. This is where bail bonds come in. There are several types of bail bonds available, depending on the situation. One common type is a cash bond, which is paid in full by the defendant or their representative. Another option is a collateral bond, which is secured by property or assets. This is often used when the cash bond is too high for the defendant to pay. While bail bonds may seem complex, they serve an important purpose in helping individuals get released from jail while still ensuring they show up for their scheduled court appearances.

How Do Collateral Bail Bonds Work?

Collateral is property or assets used to secure a bail bond payment. It can include, but is not limited to, real estate, cars, boats, jewelry, stocks/bonds, life insurance policies, or cash. Depending on the amount of the bond and your credit score, you may be asked to provide collateral in order for your bond to be accepted.

Who Can Pay for a Bail Bond?

Generally, any legal adult who has access to the required funds can pay for a bail bond on behalf of the defendant. This includes friends, family members, or even the defendant themselves if they have the resources. Additionally, a cosigner may be required to sign the bail bond agreement with the bail bond agency. The cosigner is responsible for ensuring that the defendant attends all court hearings and follows the guidelines set forth in the agreement. Ultimately, paying for a bail bond may seem daunting, but with the help of trusted individuals and a reliable bail bond agency, those in need of posting bail can do so without emptying their bank account.

Which Payment Methods Can I Use to Pay for a Bail Bond?

Bail bond payments usually require cash or surety, such as credit cards, bank drafts/checks, money orders/cashier’s checks, etc. Some companies may also accept payment plans if approved.

How Long Does It Take to Have My Bail Bond Payment Processed?

The length of time depends on the type of payment you are using and whether or not collateral was required. Generally speaking, most bonds are processed within 24 to 48 hours, but it may take up to a week if collateral is required.

In Summary

We hope that this blog post has helped you understand the process of making a bail bond payment. If you still have questions about the payment process or how bail bonds work in general, please contact your local law enforcement agency for more information. They will be able to provide more specific details based on your individual situation.

Would you like to learn more about how bail bonds work in Indiana? Do you need some advice on getting a friend or loved one out of jail? Don’t hesitate to reach out to Woods Bail Bonds at 317-876-9600 for trusted 24 hour bail bond services in Indianapolis, Indiana. We serve over 30 counties throughout the state. Request a free estimate or information, anytime.

Different Ways to Pay for a Bail Bond in Indiana

Posted on October 6, 2022 by admin

New to the experience of an arrest? You might be asking yourself, “What are bail bonds?” Well, bail bonds are essentially insurance policies that cover the cost of bail for a defendant in a criminal case. In other words, if you are arrested and charged with a crime, you can purchase a bail bond to guarantee that you will be able to pay the bail set by the court.

Continue below to learn more about using a bail bond, more importantly, how to pay for bail bonds in Indiana.

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Top Bail Bond Benefits

Bail bonds are a type of surety bond that is posted in order to secure the release of a defendant from jail. Bail bonds are typically used in criminal cases but can also be used in civil cases.

There are many benefits of bail bonds, including:

☑ Bail bond costs are typically much lower than the full bail amount.

☑ Bail bond payments can be made in installments, making them more affordable.

☑ Bail bond prices are typically set by the court, so you know how much you will need to pay upfront.

If you are considering posting bail for a loved one, make sure to contact an Indianapolis Marion County bail bondsman to learn more about the process and to get started.

Bail Bond Payment Options

Hire a Bail Bondsman

One option for paying for a bail bond is to use a bail bond company. Bail bond companies typically charge a non-refundable fee, which is usually 10% of the total bail amount. In some cases, the bail bond company may require collateral, such as property or jewelry, in order to secure the bond.

Another option for paying for a bail bond is to use a bail bond agent. Bail bond agents are individuals who are licensed by the state to post bail bonds. Bail bond agents typically charge a fee of 2-5% of the total bail amount. In some cases, the bail bond agent may require collateral, such as property or jewelry, in order to secure the bond.

Post Your Own Bail

Yet another option is to post bail yourself. If you have the full amount of the bail, you can go to the court clerk and pay in cash. You will be given a receipt and the cash will be returned to you when the case is over. If you do not have the full amount of the bail, you can put up collateral, such as property or jewelry, to secure the bond.

No matter which option you choose, it is important to remember that you are responsible for making sure the defendant appears in court. If the defendant does not appear in court, you may be required to pay the full bail amount.

What to Take Away

Paying for a bail bond doesn’t have to be difficult. There are a few options available to help make the process easier. You can use cash, a credit card, or even request financing from a bail bondsman. Depending on your situation, one of these methods may be more suitable than the others. Be sure to work with a trusted Indianapolis bail bonds company for the best way to get a release from an Indiana county jail.

Are you looking for the fastest and easiest way to get out of jail in Indiana? You are in the right place. Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services in Indianapolis and its surrounding counties. We also offer prearranged bail bond service for arrest warrants.

Do I Need Collateral for a Bail Bond?

Posted on May 16, 2019 by admin

It can be quite a confusing time for anyone dealing with the need for a release from jail, whether for themselves or a loved one. Fortunately, our jail systems work closely with local bail bond agencies, giving inmates and others an opportunity to get out of jail and await their scheduled court hearing from home. With bail bond services, there is no need to miss work and be reprimanded or worse, fired, nor miss important familial responsibilities that require your attention. Best of all, bail bonds allow individuals to get their legal defense in order prior to their court dates, which increases their chances of avoiding the maximum penalties for their criminal charges.

But as mentioned, bail bonds, regardless of all their benefits, can also be quite confusing. A common inquiry surrounding the bail bond industry has to do with collateral. Many people are misguided on the terms and conditions of bail bonds, collateral, and financial liabilities.

Continue reading to learn what you need to know about bail bonds, including what collateral is and when you may need it for a release from jail.

Explanation of Collateral

Collateral simply refers to a person’s assets that can be translated into cash, and thus, adequate to secure a debt. A person will provide collateral in exchange for a service (such as a bail bond), and if they cannot cover the terms and conditions of the contract (a bail bond agreement), they will forfeit their collateral, and the service provider (a bail bond agent) will still be able to collect financial restitution for the value of the collateral. If the payee does meet the terms and conditions of the contract, the provider returns all collateral once the case is closed.

Types of Collateral

The most common types of collateral are real estate and vehicles, as well as, bank accounts, bonds, stock, cash, and more. The type of collateral put up by an individual is at their own discretion, and largely depends on how much debt they need to secure and what they are willing to lose if things go wrong.

Using Collateral for a Bail Bond

Most bail bond companies do not require collateral. Collateral is typically applied for high-profile or egregiously-expensive bonds. Rather than collateral, most individuals need to be employed, have reliable income or cash, and a good reputation within the community to be granted a bail bond. Not sure you can afford a bail bond? See our blog, “Your Options for Covering the Cost of a Bail Bond” to learn what you can do. Talk to a licensed and insured bail bond agent for trusted advice on paying for a bail bond in Indiana.

Need to Get Someone Out of Jail Today?

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.

Your Options for Covering the Cost of a Bail Bond

Posted on April 17, 2019 by admin

If you are preparing to bail a friend or loved one out of jail, it is wise to learn all your payment options since you will be the co-signer on the bail bond agreement. This agreement will hold you fully responsible for paying back the entire bond premium if the defendant fails to appear for court. Continue reading to learn how you can come up with the funds to pay for a bail bond, and which methods of payment are accepted at local bail bond company.

Bail Bond Basics

The United State government presumes we are all innocent until proven guilty. As a response to this amendment, most individuals who are arrested are given the right to bail. This means they pay the court bail, either cash or collateral, in exchange for a release from jail. Most often, bail bond companies only work with liquid assets. This includes cash, as well as, certain types of liquid collateral, namely property. So what does this mean for someone who wishes to obtain a bail bond? It means they have options for how they want to cover the cost of a bail bondsman’s services.

Raising Funds for Bail Bonds

When obtaining a bail bond from a local agency, you will only be required to pay a set, state-regulated percentage of the total bail premium set by the judge. For example, if a judge sets bail at $5,000 and a bail bondsman charges 10%, you will be a non-refundable fee of $500 for a bail bond. In the case that your friend or loved one does not appear for court, you will be required to pay the remainder of the $5,000 back to the bail bond company because they fronted that amount to get the defendant released from jail.

Payment Arrangements

Most bail bond companies do not offer any type of payment arrangement or financial assistance. As mentioned, they generally work with cash, which means their standard accepted methods of payment include cash, money orders, debit card transactions, and sometimes bank checks. If you decide to put up your personal collateral, they will use documents such as deeds to secure the deal.

Finding money for bail is not always easy. You can ask to borrow money from friends and family, or take out a bank loan or payday loan. You can also pick up extra hours at work, sell some of your belongings, or get a second, part-time job. If you are having trouble coming up with the funds for a bail bond, simply contact a local and trusted agency that offers the lowest state-regulated fee.

Get 8% Bail Bonds in Indianapolis!

Right now, Woods Bail Bonds is currently offering 8% bail bonds! This is the lowest rate in years, and only available here! That means you only pay 8% of your total bond amount, rather than the standard 10 to 15% rates required across the state. In order to qualify for this low rate, you must meet certain criteria. Best of all, we serve over 33 Indiana counties with reliable, 24 hour bail bonds, even on National holidays. Call 317-876-9600 to talk to a friendly and knowledgeable Indiana bail bondsman to learn if you can qualify for 8% bail bonds in Indiana!

Are All Bail Bonds the Same?

Posted on August 12, 2015 by admin

Indianapolis Bail Bonds 317-876-9600

For anyone who wishes to get a friend or loved one out of jail following an arrest, a bail bond is the common “go-to” amenity used to achieve this safely and efficiently. Although bail bonds are well-known and commonly used to get people out of jail, many people may be unaware that there is more than just one kind of bail bond offered at a bail agency. Continue reading to learn some thought-provoking facts regarding the different types of bonds and how they are used in the bail industry.

Surety Bonds

A surety bond is the most common type of bail bond used to obtain a release from jail in the United States. It is more commonly referred to as a bail bond. The standard bail bond method involves hiring a licensed bail bondsman to enable a persons’ release from jail. Bail bondsmen are the more popular choice for anyone looking to bail a person out of jail because of the ease and affordability. Most people could never afford the pay the entire bond amount to the courts to get out of jail. A bail agency will only charge 10-15% of the bond amount (which is usually in the mid-high thousands) for their services. They parties involved with the bail process will be required to sign agreements, contracts, and other documents guaranteeing they will show up for their scheduled court hearing and not skip bond. If they do not appear for court, a warrant will be issued for their arrest, and the co-signer of the bond will be accountable to pay the remainder bond amount to the courts, or face legal penalties.

Cash Bonds

A cash bond is an unlikely choice for many U.S. citizens who are arrested and detained on minor charges. The reason for this is that a cash bond requires a person to pay the courts the full bond amount, usually between $2,000 and $10,000, but upwards of $20,000 to $30,000 or more, depending on the charges and criminal history of the defendant. In many cases, people do not have this type of cash on hand, and if they did, could not afford to hand it over to the courts until their court date. Although it is expensive to use a cash bond, it is refundable so long as the person follows the courts rules and appears for all scheduled hearings.

Property Bonds

A property bond is typically used in major criminal cases that involve serious charges and high bond amounts. If a person is arrested on such charges, in order to obtain a release from jail, rather than wait in a jail cell for weeks until their court date, they can use a property bond. To use a property bond, a person must forgo their most expensive assets (i.e. houses, property, vehicles, stocks, etc.) to the court in exchange for their release from jail. After they show for their court dates and follow all instructions handed down by the judge, they will receive their properties back in their name.

There are several other types of bail bonds used in the industry as well. Stay tuned for next weeks blog to dive into some more bail bond definitions! In the mean time, call a licensed Indianapolis bail bonds for all your questions about bail, bonds, and more!

Woods Bail Bonds

Woods Bail Bonds 317-876-9600

Call Woods Bail Bonds at 317-876-9600 to get a friend or loved one out of jail in Indianapolis. Owner and licensed bail bondsman, James Woods, can offer safe and secure releases from any Indiana county jails. We offer bail bond services for misdemeanor arrests, felony arrests, DUI’s, OWI’s, probation violations, arrest warrants, and much more. Call 317-876-9600 to learn how to get out of jail in Indianapolis or its surrounding counties.

How to Pay for a Bail Bond in Indiana

Posted on October 3, 2013 by admin

Bail Bonds Indianapolis 317-876-9600

It is understandably distressing to hear that a friend or loved one has been arrested. Not only is it emotionally upsetting, it can present unexpected financial burdens as well. After an arrest, one can expect to take on a moderate amount of expenses for their defense. Trial costs, lawyer fees, missed work, and bail bonds can all add up quickly on a personal bill. Although this all sounds disastrous, there are ways to overcome the tribulations of legal debt following an arrest. Continue reading to learn how to
pay for bail bonds in Indiana.

Identify the Indiana Bail Bond Cost Limitations

In every state, the cost of a bail bond is regulated by its local governments. This structured cost should be constant throughout the entire state; not costing anymore or any less, at any company. Knowing this can protect you from being over-charged or taken advantage of by a dishonest bondsman. In Indiana, a bail bond agency cannot charge more than 10 to 15 percent of the total bond amount. For example, if a person’s bond amount is $5000, a bail bondsman cannot charge less than $500 or more than $750 for any client.

A person’s bond amount can differ depending on their current charges and criminal history. This is why the bail bond fee is mandated by percentages; because the degree of risk is different from case to case, and for each bail bondsman. A bail bond can be paid with credit card, cash, or money transfer in most cases. This detail can vary among bail agencies because it is more of a personal preference for a company.

Have Solid Credit and Employment History

Having a solid credit and employment history gives a person an advantage at a bail agency. This is because they bail bondsman will see them as “less of a risk” because they have a sturdy and responsible existence. Steady employment shows a bail agency that a person is dependable and retains a stable income. This means they are good for money. Good credit shows that a person pays their bills and doesn’t have a problem accumulating debt.

Presenting these qualities to a bail bondsman can persuade them to charge the 10%, rather than the full 15%, because they identify you as a low-risk undertake. With more severe arrest charges, this still may not be possible. It depends on the company and their guiding principles.

Choose Financing Plans for High-Priced Bonds

If paying a lump sum is too much, some bail agencies are willing to offer financing; especially if a person meets the above criteria. Financing can eliminate the stress behind the thought of emptying a bank account to pay for bail. Although most bail bond companies claim to not offer financing, in some cases, they may make an exception. If they cannot offer you a payment plan, they can certainly give you advice and tips on how to obtain extra cash for bail in Indiana. You never know until you ask!

Indiana Bail Bonds

Jim Woods Bail Bonds Indianapolis Indiana 317-876-9890

Woods Bail Bonds can help you figure out a payment plan to get your friend or loved one out of jail in Indiana right now! Just call Jim Woods, and his team of friendly bail bond agents, at 317-876-9890 any time. We provide bail services 24 hours a day and 7 days a week. Our bail bondsmen are fully licensed, with more than 30 years of experience in the indemnity industry. We work hard and around the clock to ensure a positive and speedy release from jail. Call 317-876-9890 to speak with a friendly and knowledgeable bail bondsman about how to pay for a bail bond in Indiana.