tag:blogger.com,1999:blog-40075541773191941902024-03-13T03:09:27.469-07:00Southern California BusinessesAnonymoushttp://www.blogger.com/profile/01988731007597651329noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4007554177319194190.post-41325224444230630992016-08-01T17:44:00.003-07:002016-08-01T17:55:54.257-07:00Getting Out Of Jail In California - Collateral<!--[if gte mso 9]><xml>
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<![endif]--><b><span style="mso-bidi-font-family: Arial;">Bail Can Be Tough To Come Up With</span></b></h3>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;"></span></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">If someone you love very dearly is sitting behind bars, you will do
anything to get them out.<span style="mso-spacerun: yes;"> </span>A professional
bail bonding company is often the most logical choice for many families across
the country. I mean, who really has the money set aside to pay for bond?<span style="mso-spacerun: yes;"> </span>According to a recent news article, more than
60% of American families live pay check to paycheck.<span style="mso-spacerun: yes;"> </span>If that's the case there probably isn't a
whole lot of money left over to pay for an unexpected expense such as
bond.<span style="mso-spacerun: yes;"> </span>That's where bail bond companies
come in. A licensed bail bondsman makes it easier to get people out of
jail.<span style="mso-spacerun: yes;"> </span>In our series, Behind Bars, we're
taking a closer look the different element of a bail agent contract.<span style="mso-spacerun: yes;"> </span>Today, we're diving into the world of
collateral.<span style="mso-spacerun: yes;"> </span>Okay, let's get started.</span><br />
<br /></div>
<h3 class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;"><b>Putting The Collateral Together </b></span></h3>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">In order to work with a bail bondsman, you need at least 10%-15% of the
total bail amount. For example, if bond is set at $25,000 then you would need
to come up with at least $2,500.<span style="mso-spacerun: yes;"> </span>Okay,
once you have the down payment, you need a co-signer. We'll dive into this
topic later on, but basically a co-signer is someone who will take
responsibility for the defendant.<span style="mso-spacerun: yes;"> </span>Once
you have a responsible adult, then you need collateral.<span style="mso-spacerun: yes;"> </span>No, we're not talking about renting the
Hollywood blockbuster at Red-Box.<span style="mso-spacerun: yes;"> </span>In this
situation, collateral basically means an item or property with value.<span style="mso-spacerun: yes;"> </span>Bail agents require collateral in the event
you skip bail.<span style="mso-spacerun: yes;"> </span>Who do you think is going
to pay your bail? </span></div>
<div class="MsoNormal" style="word-break: break-all;">
<br /></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">Okay, now that we've defined a few terms for you, let's take a closer
look at the different types of collateral. Every bail bonding company has a
specific set of collateral standards, but for the most part they are some basic
guidelines. The first question to ask yourself when trying to find collateral:
Does this have a monetary value? We're talking dollar bills.<span style="mso-spacerun: yes;"> </span>Lots of them.<span style="mso-spacerun: yes;"> </span>Sentimental value has zero value to a bail bonding company.<span style="mso-spacerun: yes;"> </span>So make sure your grandma's antique watch
collection is actually worth something before posting it as collateral. </span><br />
<span style="mso-bidi-font-family: Arial;"> </span></div>
<h3 class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;"><b>Good Bail Agents Are Creative But Honest</b></span></h3>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">Bail
agents are known to get pretty creative when it comes to finding a piece of collateral.<span style="mso-spacerun: yes;"> </span>In fact one bail agent once
admitted to taking a hot air balloon, a time share in Tahiti and a rare dinosaur bone as collateral.<span style="mso-spacerun: yes;"> </span>If you don't
have any of those things lying around, don't worry, your bail agent will work
with you to find something that will work. </span></div>
<div class="MsoNormal" style="word-break: break-all;">
<br /></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">Do you have a piece of property? That'll work. How about a Swiss bank
account? No. We don't either.<span style="mso-spacerun: yes;"> </span>Okay. How
about a car? You've got to have a car.<span style="mso-spacerun: yes;">
</span>Okay, once you decide on what you'll post as collateral, you will need to
have the item appraised by an expert. So, if you choose to post your car as collateral you will need to list the Kelly Blue Book value and sign over your
title to a bail bonding agent of choice.<span style="mso-spacerun: yes;">
</span>However, if you decide to use an antique or a piece of jewelry as collateral, an jeweler or antique dealer will need to provide a notarized document
stating the value.</span></div>
<div class="MsoNormal" style="word-break: break-all;">
<br /></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">Once a value is determined, you will sign a document insuring the item will
be made available in the event you fail to follow through on the terms of your
release.<span style="mso-spacerun: yes;"> </span>Often, a bail bonding company
will provide a safe place for you to store your collateral until your case
reaches a resolution.<span style="mso-spacerun: yes;"> </span>If you skip bail,
the collateral will be seized and auctioned off to pay for your bail. But, if
you're a model citizen during your case, you will get your collateral back at
the end of your case.</span><br />
<span style="mso-bidi-font-family: Arial;"> </span></div>
<h3 class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;"><b>Who Can You Trust? </b></span></h3>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">I have only ever had to deal with this situation one time in my life. And I won't get into specifics. It is too embarrassing. I will say however that the professionals at Arrow Bail Bonds went above and beyond for us! I could not recommend them higher. Give the gals over there a call and they will treat you with respect and take good care of you. Here are some other articles I found recommending them:</span></div>
<div class="MsoNormal" style="word-break: break-all;">
<br /></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">1. <a href="http://iluvebearz.tumblr.com/post/148061089739/behind-bars-in-california-following-terms-of" target="_blank">Behind Bars In California: Following Terms Of Release</a></span></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">2. <a href="http://halseycabellos.tumblr.com/post/146474600697/under-arrest-the-beginning-of-bail" target="_blank">Under Arrest: The Beginning Of Bail</a></span></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">3. <a href="http://blxch.tumblr.com/post/146475885810/under-arrest-true-story-of-posting-bond" target="_blank">Under Arrest: True Story Of Posting Bond</a></span></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;"><br /></span></div>
<div class="MsoNormal" style="word-break: break-all;">
<span style="mso-bidi-font-family: Arial;">Collateral is a financial<span style="mso-spacerun: yes;">
</span>incentive for defendants and their families to act in a responsible manner
for the duration of the case.<span style="mso-spacerun: yes;"> </span>A bail
agent never looks forward to cashing in collateral, so make good choices. As
you can<span style="mso-spacerun: yes;"> </span>see there are lots of options
when it comes to posting collateral.<span style="mso-spacerun: yes;">
</span>Bail agents will work with your specific set of circumstances to make it
possible to post bond and get out of jail.<span style="mso-spacerun: yes;">
</span>Take a look around your house, take pictures of possible collateral and
send them immediately to your bail agent. This will help expedite the process.<span style="mso-spacerun: yes;"> Also check out the state laws regarding bail bond agents here: <a href="http://www.insurance.ca.gov/0200-industry/0050-renew-license/0200-requirements/bail-agent.cfm" target="_blank">California Bail Agent Statutes</a></span></span></div>
Anonymoushttp://www.blogger.com/profile/01988731007597651329noreply@blogger.com3