How Does The Bail Bonds Process Work?
When you choose Sanctuary Bail Bonds we would require both fees and collateral. Let’s say the bond is $5,000. We would require 10% ($500) for our fees and collateral in the amount of $5,000 to secure the bond. We can work with the family to create payment arrangements for the fees but since Arizona is a collateral state, we require full collateral to protect our company and secure the bond. The person (s) who supply the collateral are called Indemnitors and they are able to have involvement in adding additional conditions of release such as daily check ins, house curfew and drug/alcohol tests.
The bond and all conditions are active until the judge makes their final ruling on the case. At that time their attorney or family would request a Letter of Exoneration showing that the client is no longer required to be on bond. We would need that letter so that we can release all collateral back to the person(s) who signed as the indemnitor on the bond.
What Are The Benefits Of A Bail Bond Versus Paying The Court Directly For Bail?
The most obvious is the financial benefit of not having to put all the money up front. If you pay the bond in full with the courts and the bond is exonerated, the courts could take months before they send you back your money. If the person misses their court date or shows up late there is the possibility that you will forfeit all your money. Most cases have a 3 to 6 month timeframe but some can go years and your money is tied up during that whole time.
Another key benefit is protection, protection of your money and assets. Since we require our clients to check in with us, update us with court information and their personal information we have an opportunity to better ensure our clients will go to their court dates. If we see a pattern of the client missing check-ins or avoiding our calls we can look to revoke the bond (pull the bond) and place the client back in jail which can result in the return of your collateral minus any costs that might apply for the revoke.
How And What Do I Use To Pay The Bail Bondsman? What Do Bondsmen Accept As Collateral?
Each bond company has their own standards when it comes to collateral but for the most part we accept cash, credit, jewelry, vehicles, property, electronics, stocks and in some cases personal credit.
How Do I Know Who To Use For A Bail Bondsman? Aren’t They All The Same?
We would like to believe that each bond company handles clients as we do but you hear many horror stories of companies charging 20% or more in exchange for a lack of collateral. These situations usually end in the client being re-arrested and additional costs being added. You also hear about bond companies offering ankle monitor units to replace a lack of collateral. This too usually ends badly.
The monitors can be a large monthly expense and if you can’t afford the expense then they will throw you right back in jail. I would recommend doing a little research. These are important personal and financial decisions. Make sure you ask questions, read reviews and get everything in writing. The bond company is a service you hired and you should feel that you are being treated with respect and not bullied or pressured into something.
Are Some Bondsmen Less Expensive Than Others?
I believe you can find some companies that will say they will charge you less but be wary of hidden fees. Fees such as a weekly or monthly cost for overseeing your account or additional costs once you are released can really make our industry come off poorly. The standard rate is 10% fees for secure bonds and 100% collateral. There are discounts offered for clients retained by attorneys and by referrals to Sanctuary Bail Bonds so please let us know how you heard of us.
For more information on Bail Bonds Process In Arizona, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (602) 456-1982 today.
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