Has someone you know been arrested? Do you not have enough money to post bail while they are awaiting trial or arraignment? You don’t have to take out a loan or go into debt. Find bail bonds in Garden Grove, CA, and your loved one can be out right away!
Does that mean that a complete stranger will give you money to put forward as bail? Well, not exactly. Bail is not money that the court will keep. It is a security against the detainee’s return to stand trial and keep all of his court dates. Once the trial is decided, one way or another, the money will be returned to the bail poster. This way, the court can be sure that the defendant will appear for trial, and the defendant’s family or friends won’t lose any money in the process.
But what if your friend is arrested? Even if you want to post bail for him, you might not have enough money. What do you do then?
This is where bail bonds come in. A bail bond is not actual money, but a security put up by an insurance company for the defendant. Essentially, a bail bond is a sort of official “IOU” that doesn’t get called in unless the defendant fails to show for the trial. Essentially, bail bonds companies are a type of insurance company that is very highly specialized.
Of course, the company is taking a risk in posting a bail bond for a defendant. Since they are a business, they need to mitigate the risk and make money in the process. For this reason, there is a premium charged on the amount of bail that is put up, or insured. In many states, the premium is 10%, but some states like New York have a tiered bail system, where the premium for bail bonds may be 6%, 8%, or 10% depending on the classification and severity of the crime for which the defendant is arrested. In Garden Grove, the premium is 10% of the total bail. Since bail runs from $10,000.00 to $1,000,000.00 and up, you will still be required to pay a minimum of $1,000.00 to receive a bail bond in Garden Grove.
So what happens if a company puts up a bail bond and the defendant fails to show for the trial? The first thing that happens is that the court collects the bail money from the insurance company. The insurance company then has the option to send out private investigators to find the suspect and bring him in. If they successfully locate the suspect, the court will refund the bail money. In either scenario, whether the defendant comes to the trial or not, the bond premium will be retained by the bail bonds company.
So if someone you know has been arrested and needs bail, remember that you don’t have to find the money alone. You can get bail bonds in Garden Grove from a number of reputable companies, and you’ll only ever pay 10% of the bail. Don’t let your loved one sit in prison. Get a bail bond in Garden Grove today!