Bail Bond With No Money Down How to Understand How Bail Bonds Work
16,000 people are incarcerated in the state of Connecticut. And if your loved one has just joined the ranks, you’re likely desperate to find a way to get them out.
You’ve been given a bail or bond amount, but you know there’s no way you can pay it. So what do you do?
In this post, we’ll talk about how you can post bail with no money. Not every bondsman will work with people who have absolutely no money, so we’ll go over how you can get a bond with a minimal payment.
We’ll also discuss how you can get a bond with collateral, which will involve a little bit of money, or no money at all.
Read on for more.
What is a Bail Bond?
A bail bond is an amount of money that you pay to the state as a promise that you, or your loved one, will show up at all of their court dates. It also allows the person to leave jail while the process takes place. They will only be taken back into custody if they are sentenced to jail or prison.
Bail amount differs depending on the crime the person is accused of. Some crimes are so serious that the state will not offer a bail bond, meaning the individual will have to stay in jail no matter what.
It may also be set depending on how wealthy the individual is. They are meant to be a large amount of money to the individual in jail. Thus, individuals who come from different socioeconomic backgrounds who have been accused of the same crime may have very different bail bond amounts.
A bondsman (or bondswoman in our case), helps people pay their bail bonds by having them pay a percentage of their bond. The bondsman will then take responsibility for you or your loved one. They also have a duty to turn you or your loved one in in the event they flee or fail to turn up for court dates.
If you do not turn up to all of your court dates, or comply with all of the conditions of your bail, you may face re-arrest.
How Do I Post Bail with No Money?
The state of Connecticut sets a minimum amount that you must pay of your bail to a bondsman. This is 35%. That means that if your bail is set at $3000, you will need to be responsible for $1050
For many people, this completely out of the question financially, and we totally get that. As such, we have payment plans to help you get through this trying time.
We offer flexible payment plans to help you or your loved one get out of jail as soon as possible. Also we can set up a payment plan we’re sure you can afford, which may be weekly or monthly payments. Can even set up automatic payments to ensure that you don’t forget to pay the amount each month.
Our office is committed to working with people of all financial backgrounds, and therefore we’re willing to make plans and work with you to ensure your loved one can fight their case outside of jail.
Do I Get My Money Back When the Case is Over?
Bail money is, by definition, money that will get refunded to you. If you can pay your bail money upfront and in full, yes, you will receive your money back in the event that you comply with all that is requested of you.
However, with a bail bond, this is not the case. This is because you’re only paying a portion of it for a company to front the money for you. As such, your payment is nonrefundable.
But, I Really Have No Money; What Can I Do?
In some cases, collateral can serve as a substitute for a down payment. Collateral is a security that you put down as a “promise” to repay the “loan,” which in this case, is the bail bond.
Collateral can come in a variety of forms, but are most commonly deeds to properties, car titles, jewelry and other property that you may own that is of high value. Sometimes, a bail bondsman will accept other high-value items such as art, electronics and musical instruments.
The nature of the collateral is such that if you or your loved one does not adhere to the terms of the loan they have already agreed upon, the bail bondsman will then own the property. The bail bondsman can then do whatever they wish with the property, as they own it.
Using a car title or the deed to a house is often quite a high risk, but some people choose to do this because they think their loved one would be able to build a better case out of jail. They may also feel their loved one is potentially at risk in jail and would prefer for them to be home.
Getting in Touch with a Bail Bondsman
Liza Davis Bail Bonds has been in operation for over 12 years now and is committed to helping your loved one get out of jail. We operate a fair and ethical service, even for those who need to post bail with no money.
If you or a loved one needs to post bail, we’re happy to come to where you or your loved one is being held to talk about your options. Call us today on (860) 347-2245 (BAIL) or have a look at our main page.