If you get a call telling you that someone you care about is in jail, it becomes very important to get them out as quickly as possible. This is not just because jail is an unpleasant place to be, but also because the longer your loved one sits in jail, the more likely it is that they will be convicted.
According to a study from the New York City Criminal Justice Agency, for those who are jailed before their trial, the non-felony conviction rate increases from 50 percent to 92 percent. In felony cases, the rate of conviction increases from 59 percent to 85 percent. Considering these sobering statistics, it makes it even more important to get your loved one out of jail by getting a quick bail bond in Arlington.
What Is a No Collateral Bail Bond?
You might be in the unfortunate circumstance of not having enough money to cover bail for your loved ones. Worse still, you may not have any collateral (cash, real estate, vehicle titles, etc.) that you can use to secure a bail bond. If you need help paying for a bail bond, this does not mean that you are completely out of luck, as some bail bondsmen will allow you to get a bail bond with no collateral. This is also known as a signature bond.
Do All Bail Bonds Require Collateral?
Contrary to what one might think, not all bail bonds in Arlington, Texas require collateral. With a no collateral bond, you can get your loved one out of jail quickly.
Am I Eligible for a Bail Bond without Collateral?
There are several factors that will determine if you are eligible for a bail bond without collateral. A bail bonds company will take each of these elements into account before deciding if you qualify for a no collateral bail bond.
Amount of the Bond
First of all, the amount of the bond needs to be considered. If the amount of bail is less than $75,000, then a no collateral bail bond is more likely. If the amount is greater than $75,000, it may be harder, but not impossible, to get a bail bond without collateral.
Having a good credit score is a plus when applying for a no collateral bail bond. Like getting any type of loan, the better your credit is, the easier it is to secure a bail bond without collateral.
The criminal history of your loved one is an important factor. A bail bonds company will want to know about the defendant’s criminal record before they issue a bail bond.
Has the defendant held steady employment for a prolonged period of time? A bail bonds company will ask for detailed information on the defendant’s work history. With a strong record of regular employment, a bail bondsman will have more confidence in qualifying you for a no collateral bail bond.
General Moral Character
If the defendant has strong roots in their community with a record of volunteerism, helping others, and other indicators to suggest that they are of high moral character, this can influence a no collateral loan.
Type of Crime
The type of crime committed will also play a big factor in the amount of bail set and whether you qualify for a bail bond without collateral. Misdemeanors pose less risk than granting a signature bond for felonies.
A bail bondsman will ask questions and look at other factors related to your specific case and needs to determine if they can grant a no collateral bond.
Different Bail Options
There are several different bail bond options in Arlington that may be available to your loved ones, depending on individual circumstances.
If you have the money on hand, then you can simply pay the full amount that bail is set at. A bail bonds company can help apply the payment. The big advantage in this case is that whoever posts bail may be able to get the money back when the case is concluded.
Personal Recognizance (PR)
When a judge has time to review the case, a pretrial meeting can result in being sprung from jail without any bail being set. You sign a written agreement to show up in court, and you are released. A good criminal record, longstanding residence in a community, the need to take care of family, and a stable employment history are all key to securing this type of bail.
Unsecured Bail Bond
If you have a fairly clean criminal record, as well as good credit, you may be eligible for an unsecured bail bond. The defendant usually pays a fee (usually 10% of the bail amount), which is non-refundable, and the bail bondsman guarantees the entire amount of bail. This is also more likely for misdemeanors, rather than more serious crimes.
Secured Bail Bond
This is synonymous with collateral bail whereby the defendant pays about 10% of the fee bail is set at, and also guarantees the bail bond by putting up collateral. If the amount of bail is large, and the defendant has a criminal record that demonstrates they are an elevated risk, then it is very likely that a bail bondsman would require a secured bail bond.
Cheap Bail Bonds in Arlington, TX
Do you need to bail someone out in Arlington Texas, but have no collateral? If so, PCS Bail Bonds can help, as we offer a variety of options including no collateral bail bonds. Our bail bondsmen in Arlington are always on call and we can be down to the jail in as little as 30 minutes. Our affordable rates are also 10% lower than the competition. To learn more about our cheap bail bonds in Arlington, Texas, contact us now by phone at 817-335-1655, at our e-mail, visit in-person, or fill out our bail bond request form.
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