{"id":2530,"date":"2022-02-23T16:35:39","date_gmt":"2022-02-23T16:35:39","guid":{"rendered":"https:\/\/www.woodsbailbonds.com\/blog\/?p=2530"},"modified":"2022-02-23T16:35:39","modified_gmt":"2022-02-23T16:35:39","slug":"what-are-the-advantages-of-disadvantages-of-using-a-cash-bond","status":"publish","type":"post","link":"https:\/\/www.woodsbailbonds.com\/blog\/what-are-the-advantages-of-disadvantages-of-using-a-cash-bond\/","title":{"rendered":"What are the Advantages of Disadvantages of Using a Cash Bond?"},"content":{"rendered":"\n

When the term bond<\/em> is used in the criminal justice system, it refers to a guarantee. This guarantee promises the appearance of a defendant in court. If they do not appear for court, or otherwise flee to evade their criminal charges, they will have a warrant issued for their re-arrest, and they will be liable for paying back their full bond amount.<\/p>\n\n\n\n

After being arrested, a defendant\u2019s bond will be set by the presiding judge. The 8th Amendment protects defendants from excessive bail, and all states follow a set bail schedule as a basis for setting bail. A defendant has the option of using a bail bond service or a cash bond.<\/p>\n\n\n\n

Continue below to learn the difference between the two types of bail options, plus the pros and cons of using a cash bond to get out of jail.<\/p>\n\n\n\n

\"Surety<\/a>
Surety Bonds Indianapolis Indiana 317-876-9600<\/figcaption><\/figure>\n\n\n\n

Bail Bonds Versus Cash Bonds<\/strong><\/h1>\n\n\n\n

To understand the difference between using a bail bond and a cash bond, an example is the best way to go. Let\u2019s say your bail is set at $5,000. You have the option of hiring a local bail bond agency and using a bail bond to get released from jail, or you can pay the jail directly via a cash bond.<\/p>\n\n\n\n

Bail Bonds<\/h2>\n\n\n\n

If you use a bail bond, you will have to sign a legally-binding contract and pay a non-refundable fee. The fee is a set percentage of your bond premium, which in this example is $5,000. So, if the bail bond agency charges a 10% fee, you would pay $500 for bail bond service, and this fee will not be refunded to you under any circumstances.<\/p>\n\n\n\n

Under a bail bond agreement, you are liable for the entire $5,000 if you do not appear for court. You see, the bail bondsman pays the court or jail the full bond amount, then charges you a fee for that service. Once you appear for your court hearing, the bail bondsman is refunded the $5,000 in full. This is known as indemnity service.<\/p>\n\n\n\n

Cash Bonds<\/h2>\n\n\n\n

 If you use a cash bond, you do not have to hire a county bail bondsman. Instead, you would simply make a direct payment to the jail or court. However, this payment must be in full, which in this example would be $5,000 in cash or collateral. So long as you appear for your court hearing, you will receive all of this money back, minus any related court fees.<\/p>\n\n\n\n

PROS:<\/p>\n\n\n\n

☑ You pay a smaller fee for a release from jail.
☑ They are simple and straightforward.
☑ You can make a payment at the jail.
☑ No qualifications are needed.
☑ You can use cash or approved forms of collateral.<\/p>\n\n\n\n

CONS:<\/p>\n\n\n\n

\u2612 You have to come up with a large amount of cash on the spot.
\u2612 You can use collateral, but this puts your assets in jeopardy.
\u2612 Defendants might not get all their cash back if they owe child support or back taxes.<\/p>\n\n\n\n

Are you looking for trusted and friendly bail bond solutions in Indiana?<\/strong> Contact Woods Bail Bonds<\/a> at 317-876-9600 for 24 hour bail bond services<\/a> you can trust. We also offer prearranged bail bond service for arrest warrants.<\/p>\n\n\n\n

Related Posts:<\/strong><\/p>\n\n\n\n

Frequently <\/a>Asked <\/a>Questions About Sureties<\/a>
The Responsibilities of a Bail Bond Contract<\/a>
Which <\/a>Payment <\/a>Types are Accepted By Bail Bondsmen?<\/a><\/p>\n\n\n\n

\"Indiana<\/a>
Indiana Bail Bonds 317-876-9600<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

When the term bond is used in the criminal justice system, it refers to a guarantee. This guarantee promises the appearance of a defendant in court. If they do not appear for court, or otherwise flee to evade their criminal … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,67],"tags":[497,533,157,1113,390,613,28],"class_list":["post-2530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bail-bonds","category-jail","tag-acting-as-a-surety","tag-bail-bonds-near-me","tag-bail-bondsman-indianapolis","tag-cash-bond-bail-bond-difference","tag-cash-bonds","tag-cash-bonds-vs-surety-bonds","tag-surety-bonds"],"_links":{"self":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts\/2530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/comments?post=2530"}],"version-history":[{"count":1,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts\/2530\/revisions"}],"predecessor-version":[{"id":2532,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts\/2530\/revisions\/2532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/media\/2531"}],"wp:attachment":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/media?parent=2530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/categories?post=2530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/tags?post=2530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}