What are Your Options to Raise Your Bail Money Quickly
Raising bail money is never easy. If your loved one is convicted for a crime that is still subject in court hearings, the only way for you to help them immediately is to have them bail out in jail and let them wait at their homes for the schedule of their court hearing. But, bail money raising is really a challenge that will require you a lot most especially if the crime involved also requires a bigger amount of bail money. It will be an advantage if you have a big amount in your bank account but if you don’t, the bailing of your loved one might take long until you are able to raise the money you need.
You can choose from two options to know more about how to raise your bail money. These two options are in the form of a bond and the other one is by personal money. When you raise your money all by yourself in a legal manner, you either seek help from your family and friends or you apply for a personal loan. These options will increase your liabilities and the money you have raised may not still be sufficient. Aside from that, you may also have to sell your valuable items, mortgage your properties or pawn your jewelries just to arrive with the amount of money you need. This is in fact too risky since it is a sacrifice for you but you don’t have other options left.
When it comes to bonds, you need more info about it such as having different types of bonds based on your location and the court you’re dealing with. Your bond choices that you need to learn about are the signature bond, property and private bond. This product – private bond is the type that will pay the bail money and the due for return of the money is when the bail money is returned to you. But, because this is risky on their part, especially if your loved one will not attend the hearing in court, they will require a collateral from you. The collateral can be your car, bank accounts, stocks, real estate properties, jewelries, and a lot more that will have a certain amount of value. The info that you must know about the signature bond is the fact that your signature will be asked of you as an assurance that in case there is a no-show of your loved one, you will pay the bail money. The third type is the property bond wherein your property is a deed to be taken by the court if in case your loved one decides not to show up.