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Secure and unsecured bail bonds are both options for obtaining immediate release from jail while awaiting court action. A secured bond requires security before bail, as compared to an unsecured bond, which simply requires a written agreement and payment after bail. Read our blog post today to learn more about the similarities and differences between both bail bonds. Read now!!<br>
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What Is the Difference Between Secured and Unsecured Bail Bonds? If you are arrested because of the crime you commit, it does not mean you have to sit behind bars until your trial. There’s also no need to submit the total bail amount that the judge has set up for you. In most cases, if you are qualified for a bail bond, you need to provide at least 10% of your total bail amount. But before that, you need to choose the appropriate type of bail bond since there are various kinds available. The two major bail bonds Yreka are the secure and unsecured types. It is important to understand their differences before choosing one.
Secured Bail Bonds A secured bail bonds Red Bluff is the most common kind and requires collateral. Typically, the agents will make sure that they get their loaned amount back. To secure that amount, they will need valuable things as security. This collateral will guarantee that you will attend every hearing. If you appear at your hearing, you will get your valuable things back after the trials. But if you miss out, the agent can sell your collateral to get their loaned amount. Types of Items You Can Use As Collateral Now the question is, what type of things can you use as collateral? You can use valuable items wherein the cost will be equal to the bail amount. Examples of items that can be used as collateral are precious jewelry, high-priced vehicles, properties, money, and any form of expensive equipment.
lUnsecured Bail Bonds If you do not have the cash to pay for the bail, you can make an emotional appeal to the court. Then, the judge can release you without taking any collateral. In this scenario, you have to sign an unsecured bail bond. There is no need for any valuables in exchange for bail. You only have to agree with all the terms and conditions in written form. But if you fail, the court will decide on what to do next. Eligibility For Unsecured Bail Bond There are eligibility criteria that you need to qualify for the unsecured bail bond. You have to at least meet the following conditions: you are living in the area for a long time, you are someone who’s most likely to return to court as promised, with credit, not deemed dangerous, and haven’t committed any serious crime. The Similarity Of Both Bail Bonds Both secure and unsecured bail bonds are the options for release from jail while waiting for court trials. If you fail to appear at the court hearing, you will have to face the consequences in both bonds. The Difference Between Both Bail Bonds A secured bond needs collateral before bail, unlike the unsecured type that only needs a signed agreement, and payment can be made after the bail.
The unsecured bail bond is riskier among the two types of Redding bail bonds. Since nothing is held as security or backup, once you’ll fail to fulfill its terms, you have to sit behind bars. This is why this type of bond isn’t a popular choice and is not intended for anyone accused of charges or other crimes. ----- Source ----- https://www.vingle.net/posts/4054560
