Secured Vs Unsecured Bail Bonds: What are the Differences?
Having to serve time in jail feels like hell. No matter what brought you there, awaiting trial is not something you enjoy. The state restricts a variety of freedoms and controls you.
In some cases, it is difficult to raise the bond money. Thankfully, most arrested people can escape jail – thanks to bail bonds. If you are permitted to post bail, you can return to your daily routine.
Bail bonds come in two main types: secured Vs unsecured bail bonds. We’ll look into some key terms to ensure you take full advantage of your short-term release.
Secured bail requires upfront payment or collateral, including property such as a house, car, or jewelry worth thousands. For those who can afford it, it can be a fast and easy way to leave jail awaiting trial to attend work and other responsibilities during that time.
What You Can Use?
There are numerous methods for securing an accused’s release. It is most important that the bail amount could be reached. Among them are:
- A car’s title
- An item of jewelry
- Property of any kind
- Cash or money
- A piece of equipment
Unsecured Bail Bond:
A bail bond ensures your appearance in court and your payment if you fail to show up. Unsecured bail bonds are typically not accompanied by money. There are several factors to consider when it comes to signing a written contract, and depending on the circumstances, it may not always be the best option.
- Promises have been written down
Who Can Take Benefits?
Unsecured bail bonds are available to those who meet the following criteria:
- An individual who is not considered dangerous
- As promised, someone returned to court
- A person committed no serious wrongdoing
- Long-term residents living in the area
- Credit-worthy individuals
What makes secured bonds so popular, and why do people use it?
It’s advantageous for the defendant to pay for a secured bond without spending all their money upfront. Bail bond agents in Connecticut usually charge a small percentage of the bail bond the court assigns them. It is even possible to refund this payment.
Secured bonds can also help reduce cash exposure to fines, court fees, taxes, and other charges.
There are consequences if you fail. Having a secured bail bond or an unsecured bail bond allows you to be released from prison while you await court proceedings. Court appearances also require these two factors.
Money or collateral is required before a secured bail bond can be issued. Bail bonds without security do not. The only thing you need to do to get out of jail is to make promises or sign an agreement.
Unsecured bail bonds, however, carry a greater risk since nothing backs them up. This type is not very common in Las Vegas and other cities in Nevada. It is not available to anyone accused of a felony crime.