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The arrest of a friend or family member is a frightening situation, and financial concerns are not the least of it. If a high amount of bail has been set, you may wonder about your options and where to turn for help. The staff at Godfrey Bonding in Canton, GA, explains the difference between a bail bond and a split bail bond to help you make an informed decision if you find yourself in these difficult circumstances.

When someone is arrested for committing a crime, a judge may set bail—an amount of money or bond that will be required for the defendant to be released while awaiting trial. The bail is meant to ensure the defendant will return to court on the assigned date.

bail bondIf the defendant does not have the financial means to pay the bond, he or a family member can obtain the services of a bail bondsman or a bail bond company who will arrange to pay it. The bondsman will be repaid if the defendant appears in court on the required date. If the defendant does not show up in court, they or the co-signer must reimburse the bondsman.

In the case of a split bond, the defendant agrees to pay part of the bond themselves, and the bondsman pays the remaining balance. Since the bail bond company will charge a percentage of the amount it loans toward bail as a service fee, the defendant will pay a smaller fee if they can come up with some of the bail money. Therefore, the advantage of a split bond for a defendant is financial savings.

If you or someone you care about has been arrested, and you’re interested in a bail bond or a split bond, contact Godfrey Bonding at (770) 479-5230. To learn more about bail bonds and the services this company provides, visit their website today.

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