Are Bail Bonds Expensive?

Posted on July 19, 2023 by admin

If you’re facing a criminal charge, one of the first questions that likely comes to mind is whether or not bail bonds are expensive. After all, in most cases, paying your own bail can be cost prohibitive and leave you with few options. Fortunately, there are several ways to get help from a professional bail bond agent who can provide financial assistance, so you don’t have to foot the bill for your entire bail amount.

In this blog post, we’ll discuss how much it costs to hire a bail bondsman and what factors influence their rates. We’ll also cover tips on finding an affordable bondsman and other alternatives if they are too costly for your budget. So, let’s dive into understanding more about how much money it takes to secure release from jail with the help of a reputable bail bond agency.

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The Average Cost of a Bail Bond

The cost of a bail bond depends largely on the amount of your bail. Generally, the bondsman will charge 10% to 15% of the total amount – so if you’re facing a $5,000 bail, expect to pay anywhere from $500 to $750 for their services. This rate is non-negotiable because it is set and controlled by state regulations.

Additionally, there are other factors that can influence how much you pay in total for a bail bond. For instance, some states require additional fees known as premiums, depending on what type of crime you were arrested for or whether it was an out-of-state offense. Be sure to ask your local Indianapolis bail bondsman about these extra charges before entering into an agreement.

Loans and Financing Options

If you’re on a tight budget and need help posting bail, don’t worry – there are ways to make bail bonds more affordable. Many check cashing and credit companies offer financing options for those who qualify, such as payment plans or interest-free loans. This option can allow you to pay off the cost of your bond over time.

Collateral Payments

Additionally, some bail bondsmen accept collateral in lieu of full payment, such as property deeds or car titles. It’s always best to do research ahead of time so you can find the most cost-effective way to meet your financial needs and get out of jail quickly.

Alternatives to Bail Bonds

Finally, if a bail bond is simply too expensive for you right now, there might be other financial assistance options available. In some states, you can hire a public defender to represent you in court and argue for a reduced bail amount. You may also be able to find a charitable organization or non-profit that offers free legal aid services. Another option is to explore pretrial diversion programs, which may help you avoid jail time altogether.

Released on Your Own Recognizance

The last resort is to just stick it out and stay in jail until your hearing. At your hearing, the judge might release you on your own recognizance, meaning you will be allowed to leave jail without having to pay bail or having to secure a bond. In other words, the court has trusted you to show up for all future court appearances without the need for financial incentive or constant monitoring. This type of release is typically granted to those who are considered low flight risks and pose minimal danger to the community. If you have been OR’d, it is important to remember that you are still under court order and must adhere to any conditions set forth by the judge. Failure to do so can result in revocation of your release and imprisonment until your court date.

In Summary

In conclusion, the price you pay for a bail bond depends on the situation and your financial situation. However, there are ways to make them more affordable – such as seeking out financing options or pursuing other legal alternatives. Do your research before signing any agreements with a bail bond agency, and don’t hesitate to ask questions if something isn’t clear. With the right information and resources, you can get through this difficult time without breaking the bank.

Ready to get someone out of jail as fast as possible, whether it be you or someone who needs help? Contact Woods Bail Bonds at 317-876-9600 for speedy and secure bail bond service in Indianapolis and its surrounding counties. We also offer pre-arranged bail for arrest warrants.

Ignore Advertisements for 5% Bail Bonds!

Posted on March 9, 2016 by admin

Most licensed bail bond companies are reputable and provide honest service, but unfortunately, there are some bad apples out there too. This is why it is important to be careful when it comes to hiring an agency to get yourself or a friend out of jail. You don’t want to be deceived by false advertisements for discounted bail bonds and shady fly-by-the-night companies. However, the process of hiring a bail bond company can be confusing for first-timers, so it is understandable that some might fall victim to false advertising in the industry.

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Discount Bail Bonds

One of the most common cons offered by unethical or corrupt bail bondsmen are 5 percent bail bonds. But discount bail bonds are not real! If you have been looking around for a bail bondsman in Indiana, don’t be fooled by advertisements for 5% bail bonds. This kind of claim is more than just false, it is illegal. The state regulates just how much a bail bond company can charge for their services, and for all states, that percentage is either 10% or 15% depending on the city or state you live in. So the lowest percentage a bail bondsman can charge for their services is 10 percent of a clients’ total bond amount, and never lower under any circumstances.

So if a bail bond company is advertising bail bonds at 5% your bond amount, they are not telling you the truth. If this ever happens to you, simply continue your search for an ethical company to hire. Doing business with an untrustworthy bail bond agency can cause you a lot of money, time, and frustration. You never want to put yourself in a situation where another person can take advantage of your naivety as well as your money. It is important to choose an experienced and qualified bail bondsman to ensure you are not being misled in any way.

Indianapolis Bail Bonds You Can Trust

Woods Bail Bonds 317-876-9600

Call Woods Bail Bonds at 317-876-9600 for Indianapolis bail bond services you know you can rely on. Owner, James Woods, and his team of professional bail bondsmen, are licensed, bonded, and insured, with decades of experience in the industry. Our bail bond company has served thousands of Hoosiers over the past 30 years, and continues to be among the most reputable and trusted agencies in Indiana. We offer free jail information, jail pick up and drop off services, notary services, prearranged bail bonds, and much more. Call 317-876-9600 and speak with a friendly and knowledgeable company representative about bail bond services in Indianapolis, IN and its surrounding counties, today.

Discount Bail Bonds are a Myth!

Posted on August 21, 2014 by admin

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Most bail bondsmen have encountered a caller inquiring about discount bail bonds and services. In fact, most bail bond agencies get calls like this on a weekly basis! So why do people believe there are discounts available for bail bond services? Who says there’s such a thing as discount bail bonds? The answer is too difficult to come by; however, exposing the truth about discount bail bonds is simple.

It is important to trust your bail bondsman, and ensure you are getting professional service and honest information. Reputation, experience, and credentials are all clues that can better reveal the trustworthiness of a bail bond company. Continue reading to learn what you need to know, once and for all, about discounted bail bonds and bail bond services.

What are Discount Bail Bonds?

Discount bail bonds are a myth! Even though it’s no secret that bail bonds are a price-regulated industry, there are still several people that believe they can purchase bail bonds at a discounted rate. This is because people grasp onto the idea that, even though all bail bond agencies are mandated to charge the same rates, they can eventually find a company that will “make them a deal” or cut them a break in price. Sorry folks, but this is simply not true. Discounting bail bonds and related services is illegal; end of story. No bail bondsman is going to put their livelihood on the line for a stranger that insists on a price-reduction for their services. Believing that discount bail bonds exist is like believing the same about unicorns and fairies!

Deceptive Bail Bonds

If you ever see a bail bond company advertising rates lower than ten percent, they are being deceptive. In the state of Indiana, bail bond companies are permitted to charge anywhere from 10-15% of a person’s total bond amount. For example, if a defendant’s total bond amount is $5,000, a bail bondsman can charge them anywhere between $500 and $750 (non-refundable) for a bail bond. The bail bondsman covers the rest of the bail amount, and receives this money back when the defendant appears for their scheduled court hearing. If the defendant fails to appear, an arrest warrant is issued, and the bail bond company investigates their whereabouts so they do not forfeit the money put up for that person’s bail. Sound familiar?

If you ever come across bail bond advertisements that claim having cheaper bail bond rates and discounted prices, they are not giving you all the information. What they are selling, instead, is a discounted rate for putting money down on a payment plan. No matter what, a person will always pay the full ten to fifteen percent of the total bail amount. Depending on the risk, a bail bond company will charge either closer to ten, or closer to fifteen percent. Keep in mind that any bail bond company attempting to sell, or even advertise, cheaper rates for bail bonds, they are breaking the law and should not be trusted. They can face massive fines, apprehensions, and prosecution for numerous civil and criminal penalties.

Woods Bail Bonds

Call Woods Bail Bonds at 317-876-9600 for more information about bail bonds in Indianapolis, Indiana and its surrounding counties. James Woods, owner and operator, has more than 30 years of experience and provides licensed bail bond services in several Indiana cities and counties. He and his team of highly trained and licensed bail bondsmen are eager to help you or a loved on obtain a safe and secure release from jail. Call 317-876-9600 and speak with a live, friendly bail bondsman in Indianapolis, IN today.