Do You Need Collateral To Get A Bail Bond?
If you are looking to get a bail bond, you might be wondering if you need to provide collateral.
Answer: Some bail bond companies require collateral to get a surety bail bond while others do not.
The reason collateral is sometimes required for a bail bond is that it provides a safety net for the bail bond company if the defendant skips bail and goes into hiding. Collateral can come in the form of a house, vehicle, jewelry, boat, an investment, or stocks.
So, can you get a bail bond without collateral at All n One Bail Bonds? USUALLY, YES!
If you’re looking elsewhere, then the answer all depends on the bail bond company you are working with. If you know the owners of the bail bond company, have a good reputation in the community, or have some other compelling reason for why the bail bond company should trust you, then you should able to get a bail bond without collateral.
What If I Don’t Have Collateral?
If you do not have access to collateral, did you know that your bail bond company may allow a cosigner to guarantee your bond instead? What this means is that your cosigner would be responsible for paying for the total bail amount if you skipped bail.
What To Do If A No Collateral Bond Is Denied?
Issuing a no-collateral bail bond comes with some risk, so it is only logical that most bail bond agencies would want to protect themselves.
If your no collateral bail bond is denied, here are the options you have available:
- Cash Bail Bond – You may pay the total bail amount in cash or via credit card. Before paying with a credit card, we would first recommend that you contact the courthouse or jail in question to see what kind of payment they accept.
- Request To Be Released On OR – You can request to be released on your Own Recognizance (OR) during your bail hearing, which means you will not have to pay bail. Courts are more likely to grant OR requests if the offense is minor, the defendant has no previous convictions, and the defendant is unlikely to skip bail.
Processing Your Las Vegas Bail Bond
If you need a trustworthy Las Vegas bail bondsman to help you process your bail bond, All n One Bail Bonds is here to help! We offer quick and easy bail bonds with flexible payment plans so that you or a loved one can get out of jail quickly without breaking the bank.
For more information, call us today. Our friendly staff is ready to help you, your friend or your loved one get out of jail as soon as possible.
