secured vs unsecured bail bonds

If a bail amount has been set for an arrested individual, the most accessible way to get released from jail is to seek the help of a professional bondsman. If you know somebody who's been arrested, a bondsman will process a bond which typically falls under two categories — secured and unsecured bail bonds. At Affordable Bonding Company, we explain the differences between secured and unsecured bail bonds, so you understand your options when it comes to bailing somebody out.

EXPLAINING SECURED BAIL BONDS

A secured bail bond is the most common type of bond. They require a guarantee in the form of money and/or collateral stating that the defendant will show up in court. After the bail amount has been set, a secured bail bond means that the amount has to be paid before release. Once the defendant attends court, most of the secured bond amount is refunded to the bondsman. In some cases, collateral is also used in the form of a physical property such as jewelry or a vehicle which can also be forfeited. 

EXPLAINING UNSECURED BAIL BONDS

An unsecured bond is not only different from a secured version, but it is also more lenient. Unsecured bonds are simply a verbal agreement and no money or property is required as collateral. If the defendant skips court, the stated bail amount will have to be paid. Unsecured bonds are very easy to understand, but are also a riskier course of action for the court. It’s a promise with no assets attached, so there is less incentive to attend court for the defendant. 

AFFORDABLE BONDING COMPANY SECURES BONDS

A bail bond transaction is best done with a reliable, professional bondsman. At Affordable Bonding Company, we process bonds quickly and we are near the phone 24/7 for service. Call Affordable Bonding Company today, and we can go over your bond options before bailing out somebody you care about in a timely manner.