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Being arrested and taken to jail is a stressful experience. If this happens, getting out of jail and back home is your main priority. For many people, one thing stands between them and their freedom: Cash.
The cost of paying bail can be too much for most people. In California, bail amounts can be set anywhere from $5,000 right through to $50,000+, depending on the offense you have been charged with. But unless you can post bail, you will be left in jail until your court date. For this reason, many people turn to bail bond companies for help.
Bail bonds require you to pay just 10% of the bail amount, making them a much more affordable option. However, as part of your agreement with the bail bond company, you will usually need to put up collateral. Some people don’t have collateral or simply don’t want to risk their assets. If you find yourself in this situation, you may try to seek a no collateral bail bond.
What is a No Collateral Bail Bond?
So, what is a no collateral bail bond, and how is it different from a regular bail bond? Well, a no collateral bail bond is a bail agreement that does not require you to put up collateral and sign for it up front before receiving the bail bond. Normally, a defendant or their loved one uses assets such as property as collateral to secure their bail. A no collateral bail agreement does not need collateral so you are not required to sign over any of your assets to secure the bail amount.
If you choose a no collateral bail bond, you will pay your bail bond fee to the bail bond company. However, if you don’t attend your court dates, you will be personally responsible for paying the full bail amount that the bail bond company covered on your behalf.
What are the Benefits of Choosing a No Collateral Bail Bond?
Everyone’s circumstances are unique, so choosing a no collateral bail bond won’t be the right choice for every defendant. Potentially, selecting a no collateral bail bond can provide a few main benefits:
- You can secure your release from jail faster as you don’t need to worry about finding assets or cash to put up to secure your bail.
- You get to return to your life faster while awaiting your court date. This allows you to keep working and earning money. Plus, you’ll have more opportunity to work with your defense lawyer to strengthen your case.
- You don’t put your property or other assets at potential risk.
Who Qualifies for a No Collateral Bail Bond?
Due to their benefits, it’s easy to see why seeking a no collateral bail bond is appealing to a defendant. After all, who wouldn’t want to get out of jail quickly without putting their own assets at risk?
While most defendants would prefer to secure their release with a no collateral bail bond, not everyone is eligible for this type of bond.
Defendants hoping to receive a no collateral bail bond are required to meet strict criteria:
- The defendant must have proof of residency in California.
- The defendant must be a first-time offender.
- The defendant must have a good credit score.
- The defendant must have proof that they are employed.
- The defendant’s indemnitors/guarantors must have proof that their income is higher than the bail amount.
If you meet the criteria for a no collateral bail bond, you may feel a huge sense of relief that you haven’t needed to sign over your assets to receive a bail bond. However, it’s crucial to remember that you still need to meet to conditions of your bail. This means that you must show up for your court date and to follow any other restrictions that the court has placed on you while your trial.
As well as sticking with the conditions of your bail and attending court, you and your guarantors also need to understand the repayment terms of the bail bond and to follow them. Failing to comply with these terms could have serious consequences. This could result in you putting your finances at risk, and you may face further legal action.
If you’re keen to get a no collateral bail bond to secure your release from jail, our team will be happy to help. We can advise you on whether you may be eligible to receive a no collateral bail bond and will explain how the process works. Give us a call, and let’s discuss how we can help you.
Why Choose King Stahlman for No Collateral Bail Bonds?
When you’re looking for no collateral bail bonds, it’s essential to choose the right bail bond company. You need a bailbondsman that you can depend on to get you out of jail fast and to provide an affordable service.
At King Stahlman Bail Bonds, we pride ourselves on delivering an excellent service every time, which is why so many residents across California turn to us for help when they find themselves needing bail.
Here are just some of the reasons that our clients choose us:
- With more than 50 years of experience, King Stahlman Bail Bonds offers a bail bond service that you can depend on.
- We’re a family-owned and operated business, and take pride in offering the best bail bond service for our clients.
- We are here for you 24 hours a day, seven days a week, 365 days a year. So, when you need us, we’re here and ready to help right away.
- We offer generous discounts for military, veterans, and other groups, so you won’t pay more than you need to secure your release.
- We offer financing options to make bail more affordable.
Need No Collateral Bail Bonds? Contact King Stahlman Bail Bonds Today
If you’re looking for no collateral bail bonds, we’re the people to call. Contact us today and we’ll be happy to talk you through your options and get you out of jail fast.