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Collateral Damage

Long Beach Bail Bonds

If a defendant gets out of jail using a bail bond from a bail agent, that bail agent becomes responsible for ensuring the defendant appears back in court. If the defendant skips court, the bail agent must pay the rest of the bond. So, what would get a bail agent, a stranger, to take on this big risk for someone they do not know? Collateral.

To secure a bail bond, the defendant and/ or any other parties helping, must pay the bail agent a 10% fee. They may also need to offer any collateral such as property and valuables. Again, if the defendant goes to court, the collateral will be returned to the owners. If not, they lose that collateral...