bail money | Woods Bail Bonds

When a person is arrested or facing an arrest warrant, money is always one of the first points of priority. Arrest warrant defendants, as well as friends and loved ones of those arrested, want to know how much it will cost to get out of jail and whether or not they get their money refunded.

Continue below to learn what you need to know about bail money, including how much bail costs, terms of bail money refunds, where to get the cheapest bail, and more.

Bail Bonds Near Me Indianapolis IN 317-876-9600

Bail Money is What You Need

If someone is arrested, money will be required in almost all cases, whether that money is used to hire a lawyer to defend the charges, buy a bail bond, pay court fees, pay fines upon conviction, or pay a combination of them all. As for bail alone, there are several ways to spend money on obtaining a release from jail, that is, if the defendant is granted bail privileges. There are some criminal charges and circumstances that will revoke a person’s right to bail, like murder or being a previous flight risk.

Average Cost of Bail

The cost of bail will depend on several factors, mostly how much the bail was set at by the judge, the defendant’s criminal history, and whether a person chooses to hire a bail bond company or pay the courts directly. If you choose to pay the courts directly, you will be paying the entire bail premium, which is what the judge sets the bail at. This is usually in the thousands, even as high as tens of thousands or hundreds of thousands. If you choose to hire a bail bond company, you only pay a fraction of the bail premium. This has long been the more affordable and rational approach to getting bailed out of jail.

Bail Money Refunds

There is only one way you get refunded bail money and that is if you choose to pay the courts directly. Again, this is a very extreme and risky approach since you have to let go of a large sum of cash or collateral all at once. Not many people have an extra $10,000 or $50,000 laying around for emergency needs. But for those who do, they can choose to pay the court directly, and as long as the defendant appears for court, they get the money refunded. If you hire a bail bond company, you only pay a fraction of the bail premium, but you do not get this money back. Furthermore, the person who signs for the bail bond is liable for paying back the remaining bail premium if the bailee skips out on court.

Free Bail Money

If you are looking for bail money, do not give up. There is really no such thing as free bail money, especially because there is no state or government financial assistance for bail bond expenses. In all cases, someone is paying for bail, even if you get someone else to cover the cost for you.

Do you need to surrender to a warrant or get someone out of jail in Central Indiana? Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bonds in Indianapolis, or anywhere in Central Indiana. We also offer prearranged bail bond service for arrest warrants.

Property Lien

This uses a person’s home (they have to own the home) as collateral for bail payment. The bail agency puts a lien on the home. The lien is released once the person shows for court and is placed in jail and the ordeal is done with. If the defendant fails to show up for court, the bondsmen can begin foreclosing procedures on the home.

Borrowing Money

This is one of the most common ways people raise money that they don’t have themselves, to bail someone or themselves out of jail. Borrowing from a friend or family member is an option often taken, but if the bail is really high, then borrowing from multiple friends and family would be the only way of getting all the bail money you need. The money is returned once the person shows for court and the hearing is complete, allowing you to pay back everyone.

Pawn Shops

Many people who need a fast way of raising money for bail can turn to pawn shops where you can pawn valuables for cash. There is usually not a good return at pawn shops because you will be offered significantly less money for the object than what it’s actually worth. If you paid $500 for a ring, the pawn shop will probably offer you $50-$75 for it. Be prepared for this low return. But once the bail money is returned by the court, after the person shows up for their hearing, the money can be used to pay back the pawn shop and you will get that ring back.

Selling Personal Property

If none of the above options work, a person can always sell some of their property to gain bail money. People can sell stereos, motorcycles, electronic devices, cars, exercise equipment, furniture, and any other personal property worth money. They can sell this property online, to neighbors, friends, or family. The risk involved is losing all your valuables. They will not be returned once the person being bailed out of jail goes to court and finished their proceedings. They would have to promise to compensate you on everything you sold, to replace it once they are out of jail.

Do you need to get someone out of jail in Indianapolis right now? Contact Woods Bail Bonds at 317-876-9600 for 24 hour bail bonds in Marion County, or anywhere in Central Indiana. We also offer prearranged bail bond service for arrest warrants.

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Woods Bail Bonds

Tag Archives: bail money

Everything You Need to Know About Bail Money

Bail Money is What You Need

Average Cost of Bail

Bail Money Refunds

Free Bail Money

4 Ways to Earn Bail Bond Money in Marion County Indiana

How to Get Cash for Bail

Property Lien

Borrowing Money

Pawn Shops

Selling Personal Property