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Secured Bail Bonds Vs Unsecured Bail Bonds

Seeing a loved one being in handcuffs and being sent off behind bars for a crime they did not commit is not easy. Pre-trial detention is neither easy for the accused nor the family. It’s both emotionally stressful and financially burdensome. Firstly, if the accused is put under confinement or detention, their activities are disrupted and the family loses a steady stream of monthly income. Secondly, hefty amounts are to be paid for bail.

Not everyone can afford to pay the bail amount. A more affordable and reliable alternative is that of bail bonds. In this option, a bondsman issues you a bond and they pay the bail amount on your behalf. Let’s look at the two main types of bail bonds.

Secured bail bonds

Secured bail bonds are the most commonly issued bail bonds all across US.

The most crucial factor in a bail bond is appearance in front of the court for hearings. If you’ve opted for a secured bail bond, your bondsman will ask for collateral. This collateral will act as security that you will make your court appearances. If you fail to do so, the bond agency will sell off the collateral. The security has to be tangible. Common examples of secured bail bonds are cash bonds, property bonds, and surety bonds.

Unsecured bail bonds

This one is considered a comparatively higher risk bail bond since there’s no collateral involved. In this option, the defendant is not obliged to give out any tangible property to secure the bond. This type of bail bond is mostly applicable if the defendant is accused of a minor crime; for example, traffic rule violations.

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The judge usually grants bail on basis of personal recognizance and assumes that the defendant will keep their promise and will return to the court at the agreed upon time. At times, the court also looks at your criminal history before deciding which bail bond you can qualify for. If the alleged crime is of a serious nature and the defendant appears to be of reasonable threat to the community, the judge might not agree on granting bail at all. As a defendant, you can’t choose which bail bond you want to opt for.

If you are strapped for cash and don’t have the means to pay for your loved one’s bail, get in touch with DeLaughter Bail Bonds. We are a family owned business based in Indiana and we offer 24 hour services. To speak to our experts about how we can help you with your bail, contact us online.

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