When you find out that someone you love is arrested, most people go into panic mode. You are often left scrambling as you work as quickly as possible to find the funds to get them released on bail. When you are working with a bail bond company to secure a bail bond to help get your loved one out of jail, it usually involves some collateral. There are many different things that you can use as collateral to get the money you need. Ajua Bail Bonds is here to talk about what some of your options are to use as collateral so that you can get the bail bond you need.
Different Options for Collateral When Securing a Bail Bond
If you know what you can use as collateral to get a bail bond, it can help speed up the process. Most loved ones are in a hurry when they have a loved one in jail. Here are some options as far as collateral is concerned to help you get the bail bond that you need.
– Real Estate: The most common form of collateral used when securing a bail bond is real estate. This could be a home, property, or commercial properties as well. The bail bondsman that you’re working with will estimate the value of the property and then will be able to let you know if it would qualify as collateral for the bail bond. You may be required to provide paperwork or documentation to finalize the bond.
– Vehicles: If you own a vehicle outright, you can use that as collateral as well. Things that would fall under this category would be cars, trucks, motorcycles and boats. The only thing that you need to remember and be aware of is that you have to own the vehicle. You can’t have a loan out on the vehicle. You have to have documentation that supports your ownership of the vehicle.
– Valuables: You may have some personal items that can also be used as collateral for a bail bond. Things like valuable artwork, jewelry, antiques, and other collectibles may be worth enough that they are an option. When you are thinking about using your collectibles or sentimental belongings for collateral, you will want to make sure that it is a wise choice and the best for your financial and emotional well-being.
– Personal Guarantee: Not everyone has items that they can use as collateral. In these cases, they may choose to do a personal guarantee. This means that they are agreeing to pay the bail bond in full if the defendant doesn’t show up in court.
Bail Bond Services in Clovis, Reedley, Sanger, Selma, Atwater, Los Banos, Merced, Visalia, Porterville, Tulare, Hanford, Corcoran, Lemoore & Greater Fresno, CA
If you are in need of a bail bond to get a loved one out of jail, you can turn to Ajua Bail Bonds to get you the funds you need. We will work you as we determine the best source of collateral for the bond. Call us today!
