Finding yourself under arrest can be a deeply traumatic experience. At that point, your number one priority will be ensuring that you don’t spend any longer in jail than is absolutely necessary. That’s where a bail bond agent can come into help. As soon as you get in touch with us, we can get to work on getting you out of jail as soon as possible.
But you might be wondering whether working with us here at Balboa Bail Bonds is a viable option. After all, don’t you have to pay high amounts of money and have something to offer as collateral? The answer to both those questions is no, you don’t. And you can trust us when we say that — after all, we’re experts at this type of thing.
In this article, we’re going to run through the ins and outs of how to post bail with no collateral in California. Once you’ve finished reading, you might just find that using our services is more straightforward than you thought.
No Collateral Bonds
So, first of all, let’s dive into the topic of what exactly no collateral bail bonds are. These are bail bonds that are acquired without having to use collateral such as property. Instead, the bond is acquired with a signature and the payment of the bond amount. In bonds that require collateral, the submitted item is kept as security, essentially a promise that the defendant will turn up to their court proceedings.
There are some instances where collateral is required, but those occasions aren’t so common. In nearly all cases, you can get a bail bond with us without needing to have collateral. All you’ll need to do is get in touch with us, agree to pay the bond premium, and turn up to your future court hearings. Simple!
What Do You Need For A No Collateral Bail Bond?
So if you don’t need collateral to get a bail bond, then what do you need? The process of getting a bail bond is pretty straightforward, actually. You can even get one on someone else’s behalf; for instance, let’s say that you’re the relative of a person who has been arrested.
The key thing is that you have something that can take the place of collateral. This can be a person who agrees to assume the debt should the defendant fail to appear at their court hearing. They are called ‘cosigners’ or ‘indemnitors’. If they’re qualified, then they effectively become the collateral, because they agree to pay the bill should the defendant flee.
They’ll be legally liable to pay the bond fee as well as the bail bond premium if this is not paid upfront. So who can be the cosigner? More or less anyone — they can even be located outside of California. The main thing is that they’re qualified for the role. Once they’ve passed the checks, then they can sign the forms, and we can get to work on getting the defendant out of jail.
What Types of Crimes Qualify For No Collateral Bail Bonds?
There are some crimes where collateral is required. But the majority do not. The ones that do require collateral are typically serious, and because of this, the judge sets a high bail amount. There are other factors that can influence the need for collateral, including the defendant’s history. For example, if they’ve failed to show up for court hearings before, then the judge will likely set a higher bond amount. If the defendant is accused of a federal crime, then collateral may be required.
But as we said, most crimes do not fall under this category. Crimes that qualify for no collateral bail bonds include:
Getting arrested for driving under the influence can be a harrowing experience. Before you know it, you’re in jail, and you need to get out. While you might look at the bond amount and gasp, it’s important to remember that when you work with a bail bond company, you’ll only need to agree to pay 10% of that cost. Whether you have collateral or not will not be important.
Nobody wants to be arrested for domestic violence. When you’re facing serious charges, it’s important that you begin putting together your defense as soon as possible, from a place where you feel comfortable. These types of crimes tend to attract higher bond values, but we won’t ask for any collateral.
People accused of assault can often end up spending a long time in jail because of the high value of the bonds that judges typically set for this type of crime. That’s because, in the eyes of the law, there’s usually no difference between actually causing harm and attempting to cause harm. As a result, many defendants who think they did little wrong can be shocked to see how costly their bond is. When you work with Balboa Bail Bonds, you’ll only need to agree to pay 10% of the bond. If you can’t do that, then you can use a cosigner and agree to pay in installments.
In truth, the majority of crimes do not require collateral. There are only certain instances where they are required. So it’s important not to worry too much if you find yourself in jail. In nearly all cases, we can come to an agreement that results in the bail bond being paid and you being released from jail.
If Collateral Is Required
Even if collateral is required, that doesn’t mean that you’ll have to stay in jail. You can still post bail; it’s just that some collateral will be required. And if you have that, then the process will be the same — you’ll be out of jail as soon as possible. There’s no shortage of things that can be used as collateral. The main thing is that the value of the collateral covers the cost of the bond.
Common options include:
- Real Estate
- Investment accounts
- Other high-value items.
The most common type of collateral is property. But these arrangements are worked out on a case by case basis, so if you think your bond will require collateral, then it’s best to just get in touch.
The Bail Process
Now that we’ve gone through the ins and outs of collateral bonds, let’s take a look at the bail process. What exactly does it involve? It all starts with someone getting arrested and booked into the holding cell.
At that point, the defendant should contact us. Once we are aware of the defendant’s situation, we can get to work on getting them out of jail. This will involve, first, finding out the amount of the bail. Once that’s happened, we can put together a bond agreement for you to sign, and then we can post bail. Once that’s happened, you’ll usually be released within one or two hours.
The Benefits of a No Collateral Bond
There’s one primary benefit of a no collateral bond: it allows people to get out of jail as soon as possible. No one wants to spend even one more second in jail than they have to. In many cases, defendants do not have the value of the bail available to pay on their own. And they also don’t have collateral available. When you work with us, you won’t need either. You’ll just need to pay the bail bond premium and, if required, have a cosigner.
These types of bonds also help to preserve the defendant’s financial situation. In desperate situations, people will often take desperate steps, including selling vehicles or property that they may own. But they don’t need to do this. Instead, they can just get in touch with us at Balboa Bail Bonds. Letting us take care of the hard work will help to protect your finances.
Why Should You Use An Experienced Bond Agent?
Not every bail bond company will offer no collateral bonds. Some will ask for collateral and a lot more, such as more than 10% of the value as the bond premium and other service and administrative charges. Of course, this is not a reputable bail bond agent. By working with an experienced bond agent who has favorable reviews from past clients, you’ll have peace of mind that you’re receiving the level of service that you deserve. Plus, an experienced bond agent will know exactly what to do to get you out of jail as quickly as possible.
Get In Touch
If you’re in need of expert bail bond services, then be sure to get in touch with us as soon as possible. We’re always available to help people in need and will ensure that you don’t spend any more time in jail than is necessary. There are multiple ways that you can get in contact with us. You can phone or use the form on our ‘contact us’ page, or use our handy live chat feature if we’re online. Once you’ve gotten in touch, we can begin the process of getting the bail bond process underway.