Help for When You Aren't Able to Afford Bail Bonds in Phoenix
Within 24 hours after arrest, a judge or magistrate sets a bail amount in proportion with the charges. For minor crimes, especially if the accused is a first-time offender, the magistrate has the option of choosing to release someone on their own recognizance, which means that they sign a form stating that they are able to return for future court dates and that they understand the consequences if they fail to appear.
However, repeat offenders and more serious crimes require a bail payment. Although a good defense lawyer attempts to persuade the judge to offer a low bail amount, sometimes the amount asked is too high to easily afford. If this happens, purchasing a bail bond gets you out of jail until you have your day in court for much less than the required bail payment.
Bail bonds work like an insurance policy for bail money. Bonds usually cost 10-25% of the actual bail payment, and our company requires regular check-ins and can send court date reminders. If you don't have enough cash to pay the full bond amount, we offer payment plans. In addition to the payment, bail bonds usually require collateral. If you're using a major piece of property like a house or car as collateral, it is possible to keep the item and simply turn over the title in trust until your trial is completed or the charges are dropped. Collateral is only seized or sold if you miss a court date.
Posting bail is usually expensive, but bail bonds are an option to stay out of jail until a verdict is returned. Remember, all bail money and collateral provided to a bail bond company is returned if you keep up with your court dates, but skipping out on a bail bond means that the police and your bond company start searching for you. As long as you make your court appearances, posting bail bonds is a low-risk way to return to your normal life until trial.
What is the first step when I get the call from my loved one in jail?
Call us and we will walk you through the process
Print or fax forms and follow the instructions
Guidance for upcoming appointments, court dates, etc.
How long does it take to get someone out on bail?
The paperwork takes about 15-30 minutes.
The release can depend on the jail. Local police can take about 1 hour, Maricopa County Jail in Phoenix can take 3-24 hours.
The sooner you contact us, the sooner we can move forward in getting the release process in motion.
Where do I meet you?
1010 East Indian School Road, Phoenix, AZ 85014
Mobile Service is available.
What do I have to pay and what do I get back?
A bail bond works like an insurance policy. The policy is an agreement between the defendant, the courts, and bail bond company that posts the bond. The courts specify the amount of bail, the defendant agrees to purchase a bail bond (usually 10% of the bail amount), and agrees to meet all of the courts requirements. In addition, the bail bond company may set additional requirements that the defendant must adhere to.
Here is how the premium works. If, for example, the bail amount is $10,000 then the premium amount would be $1,000. If the bail amount is $25,000, then the premium amount would be $2,500.00 and so on. The bail amount is set by the courts.
The premium is not returned because this is the fee for the service of providing the insurance policy (much like the premium you pay for your car insurance).
Collateral is an item that has significant resale value that is provided as back-up if the defendant does not follow through on the terms of the agreement with the bond agent. For example, just like in the example above for car insurance, the premium pays only for the specific coverages on the policy. If you are in an accident and the coverage are not sufficient, you are responsible for the remainder of the cost of the damages. The policy for a bail bond states that the defendant must appear at court dates, keep in contact with the bail bond agent, remain in the state, etc. If this agreement is violated, the bail is forfeited and the entire bond must be paid to the court. If you paid the premium of $1000 for a $10,000 bond, the additional $10,000 must be paid to the court. The bond agent will liquidate collateral in order to pay the court.
What are my payment options for the premium?
Pay the full bond amount plus a 10% premium. We will then post the bond immediately
Pay 10% premium, with "solid" collateral required. Additional fees may apply.
Pay 5%, and finance the balance for 90 - 120 days interest free, "solid" collateral required.
Pay 25% and finance the balance with interest charges, "some" collateral may be required. OAC.
Custom payment option tailored to you. Some restrictions apply. OAC.
What types of payment do you take for the premium?
We accept Cash, Western Union, Money Gram, Visa, MasterCard and American Express.
What about collateral, what is good collateral?
Collateral must be something you own that has significant RESALE value.
A house with a mortgage is considered good collateral if you have equity in your home. This is the only time that something you do not own OUTRIGHT is considered good collateral. Usually, if you are still making payments on an item (like a car, or something paid for on credit) would not be considered acceptable collateral.
Possible forms of collateral:
· Liquid Assets
· Credit Cards.
· Real Property: Owned outright or having substantial equity available.
· Vehicles with clear titles: Truck, Car, RV, Motorcycle, Boat, Trailer, ATV, Jet Ski, EtcP
· Personal assets; Jewelry, Gold, Silver, Collectibles, Bikes & Sporting Goods, Construction Equipment, Generators, High-End Newer Electronics, Etc.
When the court case is complete, and we get the original "LETTER OF EXONERATION" or Discharge. This happens when:
When do I get my collateral back?
- The charges are dropped
- The person is found innocent at trial
- The person is sentenced and taken into custody
Collateral will be returned upon receipt of "Proof of Exoneration" and if there is no outstanding balance due.
What happens if the person does not appear at a court date?
A bench warrant will be issued and the person will be considered a fugitive. The Bail Agent will be searching for the individual as well as any local authority.
It is your responsibility and in your best interest to convince the person to surrender themselves to the Bail Bond Agent’s custody. Normally, if the fugitive is returned before actual remittance to the state, you can have your collateral returned.
If the Bail Agent cannot locate the fugitive, legal action will proceed to seize and/or liquidate collateral. If there is an excess of the bail amount, this portion of the collateral liquidation will be returned.