So many things have changed in our state in the past several months, and even years. As for the bail bond industry, the only change that has really taken place is the permission by the state to lower bail bond rates to 8%, as opposed to the general rate of 10% to 15%. However little the changes to the Indiana bail bond industry might be, there are still some pertinent questions that you might need answered if you are facing an arrest warrant, or your friend was just arrested.
For this year, here are the top bail bond frequently asked questions and their answers.
What is Bail and How it is Different from a Bail Bond?
Bail refers to the amount of money set by a judge for a person to be released from jail to await their scheduled court hearings. The amount of money set by the courts is determined by the person’s past criminal record, current offense, and their level of threat to society. Their level of threat includes the likelihood of them committing another crime while awaiting sentencing.
A bail bond is a bond for gaining a persons’ release from jail. These are also called surety bonds. When a person is arrested and taken to jail, they are given a choice to either stay in jail until their scheduled court date, or obtain a bail bond to get out of jail and appear for court on the scheduled day. The court assigns a dollar amount for their release depending on the person’s criminal history and current charges. If the courts believe the person is likely to flee and not appear for trial, they will assign a very high dollar amount.
How Much Will a Bail Bond Cost Me?
Bail amounts can be anywhere from a couple thousand dollars to upwards of one million dollars! For a misdemeanor charge, bail can range anywhere from $1500 to $5000 dollars, depending on the state and county, it could be more or less. Either way, most people do not have this kind of cash on hand, so instead, they obtain a bail bond. A bail bond allows a person to pay only a percentage of the total bail amount, on a promise to appear for all court hearings. If they fail to appear for court, they forfeit the rest of the bail amount and a warrant is issued for their arrest. A bail bondsman can facilitate this entire process for a percentage of the bail amount. The average take is usually 10%, give or take. If a persons’ bail amount is $5000, then a bail bond agency will charge $500 for their service. This is always a non-refundable fee.
The Best Rate for Bail Bonds: Woods Bail Bonds is currently offering the lowest state minimum bail bond fee of 8% to those in need of a release from jail in Indiana! In order to qualify for this low rate, you must meet certain criteria. Best of all, our bail bond agents work 24 hours a day and 7 days a week in over 30 Indiana counties, which means we are serving your very county at this very moment!
When Do I Need a Bail Bond?
There are a few scenarios in which a person would need to obtain a bail bond. It all depends on their legal situations, criminal history, criminal behavior, and current charges. The two most common reasons people opt for bail bond service is getting out jail and arrest warrants. If a person is suspected of committing or being involved in a crime, a warrant might be issued for their arrest. Also, if a person fails to appear for court, the same might happen. In these cases, this person is expected to turn themselves into police to get their charges cleared in due process. One way of doing this quickly is to hire a bail bondsman to get them out of jail right after they turn themselves in.
Where Can I Get Fast and Cheap Bail in Indianapolis?
Contact James Woods of Woods Bail Bonds!
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.
