A 24/7 bail bond agent helps those who have been incarcerated. They satisfy bail, allowing defendants to be released from jail. The following information will outline the payment processes that agents use. 

The Bond

The bond is the monetary amount that an agent charges for their services. Correctional institutions work directly with bond agents. First, a judge will set a bail amount. If a detainee or their family decides to hire a bond agent, an agent will charge a client a percentage of the bail amount that was assigned.

The bond is a payment that cannot be reversed. Once a detainee or a detainee's loved one forms a legal and binding contract with a bond agent, the bond amount that was written up in the contract will need to be paid directly to the agent.

The Bond Amount

The bond amount can vary. A 24/7 bail bond agent will usually consider a detainee's flight risk. They may assess any past charges that an individual was found guilty of.

If a detainee is considered to be somewhat of a risk, a bail bond agent may charge more money for their services. Detainees who have been charged with minor infractions may be required to pay considerably less for a bond than those who have larger charges and more arrests on their record.

The Collateral

Not everyone who seeks the services of a 24/7 bond agent will be able to pay the bond that the agent has outlined. If a person who is considered a slight flight risk is issued a high bail amount, a bail bond agent may charge a high fee that will be difficult to pay.

Fortunately, many 24/7 bail bond agents offer an alternate way for a customer to receive the services of an agent. A bail bond agent will outline some forms of collateral that they can accept. Heavy-duty machinery, jewelry, or another item of value could potentially be used to secure an agent's services.

How Fees Are Recovered

An agent will not be willing to take a financial loss. This is why they may require collateral. Collateral will need to be of equal value or of greater value to the bail amount that a judge has issued.

If a client will not be able to pay the bond amount that a bail bond agent requires, the agent will have the authority to sell the collateral that they have collected. This allows them to collect the money that the client was unable to pay.

Reach out to a 24/7 bail bonds service to learn more.