When you’re ready to post bail for a loved one, you’ll need to present collateral to your bail bondsman. This is because bail is often set at incredibly high amounts, sometimes as much as thousands or hundreds of thousands of dollars.
When Is Collateral Necessary?
Collateral is a surety—something that the bail bonds agent will temporarily take possession of to ensure that the person receiving the bail services will appear for their court date after their bail has been posted by the agency.
A bail bondsman will collect collateral as insurance that the accused will appear in court, and after the closing of the bond the collateral will be returned to you.
What Can Be Used As Collateral?
Depending on the amount of bail, your bail bonds agent may only require a signature from a family member with good credit. For very large amounts of bail, real estate is a common form of collateral.
Sometimes multiple kinds of collateral are brought together to cover the amount of the bail bond. This can include the title of a car, the deed of a house, and other assets that together equal the amount of the bail bond in question.
Bail bonds agents can use their experience to help you determine what kind of collateral is necessary and can also assist you throughout the bail bonds process.
If you or a loved one is being held in prison and you require the assistance of an experienced and trustworthy bail bond agent, call 24 Seven Bail Bonds at (732) 418-2245. At 24 Seven Bail Bonds, our clients come first. Every client is treated with courtesy and is guaranteed effective representation. Our expertise and integrity have earned us a reputation as one of New Jersey's 24 hour premier Bail Bond Companies.