When someone is arrested and has to spend time in jail the first thing that they want to do is get out and await their hearing or trial. The court sets the quantity of the bail and it is up to someone related to the defendant, or a friend, to arrange for bail. For example, if the bail is $10,000, the defendant's representative needs to either come up with that amount or go to a bail bond services to arrange to find the bail paid. In most states the amount that needs to be paid to the bail bonds services is 10-15 percent of the total amount of the bail. This percent amount is referred to as the 'premium'. The premium is normally not refundable.
The bond service has to assure the court that it can pay the full bond in case the defendant doesn't appear in court. So the bond service usually gets collateral just like a car or mortgage on a house from the defendant or defendant's representative to guarantee that it will have the money to pay the court if the defendant should flee. The bail bond service buys a bond from a bonding company to satisfy the court that it can pay the bail, if need be. The majority of the right time the defendant does appear in court, and the bail bonds services then does not have to worry about coming up with the full quantity of the bail. Check Thousand Oaks Bail Bonds.
From the defendant's side of things, it can be hard to find people who will be willing to stand up and co-sign the bail bond. Defendants often have to rely on family members to help them write-up the premium and take on the responsibility of assuming the full cost of the bail, if essential. If the defendant should flee after being released from jail, the co-signer shall be responsible for the full bail amount. This is a tremendous responsibility for the co-signer to take on. The co-signer has to be reasonably sure that the defendant isn't going to flee, or they will be left with a possibly significant financial liability.
The interesting part about the subject of bail is that it is particularly high in the United States. For this reason, bail bond providers serve an useful function to help people get out of jail when they can't write-up the bail themselves. If defendants can't write-up bail themselves, they usually turn to family and friends to help them. If the bail amount is significant, they can ask co-signers to go to bail bond providers to pay a premium to find the bail posted. Ultimately working afoul of the statutory law presents an individual with considerable stress and difficulty, often including jail time. Bail bond providers exist to help people get out of jail until their court date arrives.