Common Collateral Used For Bail Bonds

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When using a bail bond to post bail and help a loved one out of jail, the bondsman requires the premium and collateral. Premium is 3.5% of the full bail amount. Collateral is something of value pledged as security that the defendant will show up in court. Collateral will be returned at the end of the case as long as the defendant complies with court rules.

What can be given as collateral? The most common collateral items are:
  • Real estate – for real estate to be accepted as collateral, it must be the property you own or hold a large amount of equity on; any property that still requires you to pay the mortgage or other debt will not be accepted as collateral.
  • Motor vehicles – like for real estate, for vehicles to be accepted as collateral, they must be vehicles you have paid off entirely.
  • Valuables – Valuables such as jewelry, watches, or precious metals can be used as collateral if they hold clear, assessable value. Make sure the items are free of liens or debts and are something you’re willing to part with if the defendant doesn’t meet court requirements.

It is up to you to decide two things: 1) what you have available to offer as collateral, and 2) what you are willing to offer as collateral. Remember, the defendant must obey all court-mandated orders. Failure to do so and you may not get your collateral back.

Free U Bail Bonds Chambers County can help you determine what collateral is acceptable. We’ll work with you to sort through your financial situation. We’ll dedicate our time and energy to ensure your loved one gets out of jail and promise to follow up with court hearings so your stress level doesn’t rise.

Call Free U Bail Bonds Chambers County (334)719-2266 to speak with an agent. We can help if you give us a chance!