Bail Versus Bond For Illegal Gambling In Nassau
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FAQ
Bailing someone out of jail who has a history of untrustworthy behavior can create headaches. You're essentially agreeing to put up 10 percent of a bail bond that could be tens of thousands — or even hundreds of thousands — of dollars. If they fail to show, then you went to all that extra trouble for nothing.
Bail Bonds and Credit Scores It's a common misconception that co-signing for a bail bond will ruin your credit. In reality, a bail bond won't affect your credit score in any way. However, bail bond companies may conduct a credit check before allowing you to get a bail bond to make sure that you're a reliable co-signer.
Before giving us a call, make sure you have the following information handy: The full name of the person who was arrested. Where is the person being held for custody (you should include the name of jail, city, and county) The person's booking number.
The decision to post bail for someone should not be taken lightly. Financially, you risk losing the bail amount or collateral if the defendant fails to appear in court. Legally, the defendant's absence can lead to arrest warrants and additional charges, complicating their legal situation further.
The collateral is usually preferred to be liquid, such as an irrevocable letter of credit, but some sureties will also take other pieces of collateral, such as certain equipment or even real property. A Collateral Bond is different when used in the context of a surety bond.
Basic Bond Co-Signer Requirements in California Financial Stability. Verifiable Identity. Trustworthiness And Reliability. Well-Defined Relationship With the Defendant. A Good Credit Score And Financial History. Get the Right Information. Contact a Bail Bond Agent. Sign an Indemnitor Agreement.
