Bail Bonds Questions And Answers
At StingRay Bail Bonds, we know that the ins and outs of bail bonds is not always black and white. We Service all of Florida. Our office is located in Daytona Beach, Volusia County, Florida. Our agents are here to help you 24/7/365.
If you’re just doing some research though, here are a few frequently asked questions about posting bail Bonds and hiring a bail bond company in Florida. For more information or to post a Bail bond now, call (386) 238-9228.
1.)What Actually Is A Bail Bond?
When a person is arrested for a crime, he or she is held in jail until: 1. Their court date or 2. They are released on a Bail Bond. The Bail Bond is the amount of money the judge determines must be paid to be released. When you can’t afford to pay Bail, a bail bond (AKA surety bond) is an insurance contract through a licensed bail bonds company that guarantees the court full payment of the bond if the defendant fails to appear in court.
2.)How Long Does It Take To Set Bail?
It depends on the severity of the crime. Lesser offenses, like Misdemeanors and most Felonies, have a set fee or “Bail Schedule,” where you can post a Bail Bond right after being processed. There are some charges that a Judge may not grant a Bail Bond at all. More serious offenses require an appearance before a judge to set the Bail Bonds amount, which would be looked at by the Judge on a case-by-case basis at First Appearance.
3.)What Happens If I Can’t Afford The Entire Bail Amount?
After an arrest, the judge sets a Bail Bond for the amount that must be paid prior to the defendant’s release from jail. If the defendant doesn’t have enough money to pay the full amount, whether from personal savings, friends or family, a Bail Bond company can be hired to post the Bail Bond.
4.)Why Do People Use Bail Bond Companies?
No one wants to sit in jail. Hiring a Bail Bond agent enables the defendant to get out of jail with a lot less money. In Florida, a bond company only charges a 10% fee and may be able to set up flexible payment plan vs. having to pay the full amount directly to the court.
5.)Is A Bail Bond A Loan?
Technically it is a loan, but think of it as more of an insurance policy. We do not pay a portion of the Bail Bond money, rather we take liability of the full Bail Bond amount insuring the court that if the defendant does not appear in court we can pay the full amount of the Bail Bond. Our fee for doing so is 10% of the Bail Bond amount.
6.)How Much Does A Bail Bondsman Charge?
A bail bondsman in Florida charges a 10% premium of the full Bail Bond amount. With a $100.00 Minimum fee. This is a preset amount set by the Florida State Statutes. For example, a $10,000 bond will cost a $1,000 premium. However any Bail Bond Under $1,000 would have a minimum fee of $100.00
7.)Do I Need To Have Collateral To Get Bail Bond Money?
If the Bail Bond amount is very high or the alleged crime is very serious, you may need to provide some form of collateral in addition to paying the 10% premium.
8.)What Can Be Used As Collateral For Bail Bond Money?
Collateral could be cash, property, a car or any other asset. The purpose of collateral is to help guarantee the defendant appears in court.
9.)When Do I Have To Pay The Bondsman A Fee?
The premium must be paid to the bondsman first, then we will post the Bail Bond and the defendant will be released from jail.
10.)What Information Do I Need To Get Someone Bonded Out Of Jail?
When you call a bail agent you’ll need to know the defendant’s full name and date of birth, the location of the jail, the booking number and charges, and the Bail Bond amount.
11.)After Bail Is Paid, How Long Does It Take To Get Out Of Jail?
Bail agents are available 24/7, so our response time is quick. Even though we can post the Bail Bond fast, it really depends on how crowded the jail is at the time the defendant is waiting to be released.
12.)Will I Get My Money Back?
The Bail Bond is used as insurance that the defendant will show up in court. If you hire a bond company, the 10% premium you pay is non-refundable. If you paid additional money or offered assets to be used as collateral, it will be returned to you after the defendant makes all required court appearances.
13.)What Is A Signature Bond?
A Signature bond is a Bail Bond that is Signed by a friend or family member guarantying the Defendant will show up for court. The person signing the bail bond is therefore called the Indemnitor of the bail bond. A Signature Bond is exactly that. The only Collateral that is needed for this type of bail bond is the indemnitor’s word and signature that the defendant will show up for court.
14.)Does StingRay Bail Bonds Offer Payment Plans To Help People Pay For Bail?
Yes. StingRay Bail Bonds offers a variety of flexible payment plans whether weekly, biweekly or monthly. We also accept most major credit cards.
We at StingRay Bail Bonds hope that this helps you to understand how the Bail Bond Process Works.
If you have any other questions or maybe something we didn’t cover. Please feel free to give a call.
Our agents are available 24 hours a day, 7 days a week, 365 days a year.
As StingRay Always says:
WHEN YOU’RE IN THE SLING!!! GIVE STINGRAY A RING!
StingRay Bail Bonds (386)238-9228