Five Things You Should Know About Surety Bonds in the State of Texas

Texas Surety Bond

Do you have a loved one in jail and aren’t sure what type of bail bond to choose? We understand that this can be an overwhelming and confusing time, so we want to help make it easier for you. If you are cosigning a bond so your loved one can get out of jail, there are few things you many want to know about surety bonds. Here are five things you need to know about Surety bonds in the State of Texas. (more…)

The Three Types of Bail Bonds in Texas

three-types-of-texas-bail-bondsWhen it comes to paying bail, just remember that you have options. Bail is decided during a bail trial. If the court does not fear that the defendant is a flight risk and is not a danger to the community, they will post a bail determined by the seriousness of the crime. After the bail amount has been decided, you need to figure out how to pay for it.

There are 3 types of bail that the court will generally accept: cash bail, property bail, and surety bonds.

Cash Bail

Cash bail is the simplest way of paying for bail, however, it is not the most affordable. This is just where you pay the entire bail amount with cash that you have in savings. With this type of payment, you do not need to involve a bail bondsman. As mentioned before, this is not the most affordable way of paying bail. If you do not have the full amount of the bail in savings, it will not be possible for you to use this type of payment. You will need to look at other options in order to pay for the bail.

Property Bail

This is a type of bail bond that can be done through a bail bondsman. You use this type of bond if you do not have cash on hand, but you do have equity held in a home, car, or other property. You can use this property as collateral. A lien will be placed on your home or other property that is being used as collateral. If the defendant does not arrive on his or her court date, the property will then need to be collected by the bail bondsman.

Surety Bonds

This is one of the most common types of bail bonds that bail bondsmen handle. For a surety bond, you only need to pay a percentage of the bond and some fees that need to be taken care of. Then, you will sign a pledge stating that the rest of the bond will be paid if the defendant does not appear in court. Depending on the defendant’s criminal record, this can easily be done through a bail bond agency.

No matter which option of payment you choose, just remember that when you pay for someone else’s bail, it is part of your responsibility to make sure that they arrive in court at the time of their trial. If they do not arrive, then you will be required to pay the entire bail, and you will not be able to receive back any of the payments made to the court. If you did pay for the bail with cash, you will lose the entire payment.

Getting arrested or helping a loved one when they are arrested can be a confusing and upsetting experience. Having a knowledgeable bail bondsman at your side will help to ensure that you feel confident and more relaxed throughout the process. Talk to your bondsman about affordable bail bonds and all the option you have.