If you or a family member has been charged with a crime, a bail bond is usually the best way to get out of jail while your case is pending. While the costs of a bond are only a fraction of the total bail amount, many families may not have the resources to cover the fee on short notice. Fortunately, most bail agencies accept collateral, allowing you to secure their release and pay the fee off over time.

An Intro to Bail Collateral

What Is Bail Collateral?

Collateral can be any valuable property, including jewelry, electronics, musical instruments, or even real estate. If you don’t have the cash to pay the fee, the bail agency will hold onto these assets until the case is concluded. They might also ask for collateral if the defendant is facing serious charges, or they have reason to worry they might not show up in court.

What Happens to the Collateral?

While the case is pending, the property used as collateral stays with the bail bond agency. However, if you’re using a piece of real estate, they may ask for the title or put a lien on the property instead.

At the conclusion of the case, your valuables will be returned regardless of whether the defendant was acquitted, convicted, or the charges dismissed. However, if you’re paying the fees on a payment plan, the agency may hold onto the collateral until you’ve paid the last installment.

The Benefits of Using Collateral

Collateral bail is an attractive option for families without the means to pay a bondsman’s fees up-front. However, you should ensure that the defendant makes all their court appearances. Otherwise, the bail agency will likely keep the property to cover their losses.

For over 15 years, Nicholas Bail Bonds has provided personal, friendly service and affordable surety bonds to defendants and their families throughout southern Missouri. They understand how difficult the arrest of a loved one can be, so they offer easy payment plans and accept a wide range of assets as collateral. Visit their website to learn how they can help, follow their Twitter for more expert advice, or call (417) 255-1109 to speak with a bail bondsman 24/7.