An arrest can be overwhelming, especially if you’re unfamiliar with the process. With the help of a bail bond agency, you and your loved ones can rest easy knowing that prior to the agreed-upon court date, the defendant can return to the safety and security of their own home.
Freedom Bail has served the El Paso and West Texas regions for over 30 years by providing our communities with 24/7 bail bond assistance. Contact us online or call (915) 877-9293 to get started on the right path to freedom.
Proof of Identity
To begin the process of securing a bond, the defendant must provide proof of identity. This can include common forms of documentation such as a government-issued ID or a passport. However, if neither of these options are available, other acceptable documents can also include the individual’s bank or credit card statements. In some cases, a bail bonds agency may request the defendant’s credit report history to ensure their past or current debts have either been met or are currently met.
A Bail Bond Agency
More often than not, people are unable to raise the funds to post bail. In this case, securing a bail bond from a bail bond agency is a feasible alternative option. A bail bond works like a loan where the person applying will only pay a percentage of the total bail amount. While percentages vary from company to company, they’re typically set between 5% to 15%. In the case of an individual whose bail is set to $100, the person applying will only have to pay $1,500 for an agency that requires 15%. A much more manageable amount compared to the latter.
However, a bail bond agency may require additional paperwork such as:
Criminal History
If applicable, a bail bond agency will require access to the criminal history of the individual in order to gather insight as to why the bail amount is set to what it is. This is also important for the bonds agent, as they will also get a better understanding of whether or not the individual will be a flight risk.
Legal Filings
Before securing your bail, additional paperwork must be filled, including an indemnity agreement. An indemnity agreement is a contract that protects one party from any risks or liabilities created by the other. Essentially, one of the most important terms of a bail bond agreement is that the defendant must show up to all of their court hearings. If they don’t, any agreed-upon conditions will be collected, such as collateral, money, additional penalties, and the hiring of a bounty hunter to return the accused back to jail, all of which will be listed in the indemnity agreement.
Collateral
In addition to paying a percentage of the bail amount, for a bail bond agency to secure the rest of the funds (should the accused not show up to their court hearings), collateral will be required. Forms of collateral that can be used include real estate, jewelry, or stocks that are equal to or greater than the bail amount. The collateral will be listed and documented with collateral agreement documentation to secure a bail bond.
Take One Step Closer to Freedom with a Bail Bond Agency
If you or a loved one has found themselves needing financial assistance in El Paso, our team at Freedom Bail can help. Contact us online or call (915) 877-9293 to learn more about our services.