If you are working to get a loved one released from a Colorado Springs jail, you may be wondering if you should post bail using cash, or work with an agent to get a bail bond. There is a lot to consider during this process. Let’s take a look at the pros and cons of posting bail and getting out of jail using El Paso County bail bonds.
– Posting Bail Using Cash: Pros
When you post bail using cash, you will be able to get the full amount back at the end of the case, if the defendant appears at all court dates. This means you won’t lose any of your money – you’ll only be giving it up during the time it takes for the trial to be completed.
– Post Bail Using Cash: Cons
If the defendant fails to appear in court for all hearings, you will lose your bail money in full. This can be financially crippling. Additionally, if you post bail yourself, you will need to complete the process on your own by going to the courthouse.
– Using a Bail Bond: Pros
When you work with a bail bondsman, you will only pay a percentage of the full bail amount in order for your friend or loved one to be released. In Colorado, the law states that bail bondsman can charge up to 15% of the full bail amount. This means you’ll only pay a fraction of the cost for the release from jail. Additionally, most bail agencies provide flexible payment plans, so you won’t have to come up with the full amount right away. Another plus to working with a bail agent is that you won’t have to go to the courthouse. Once you have co-signed the papers, the agent will go to the jail and file the papers necessary for the release of your friend. The process is much simpler when you work with an experienced agent.
– Using a Bail Bonds: Cons
The biggest downside for using a bail bond to obtain the release of a defendant is that the money you pay won’t be returned at the end of their trial. This is because the 10-15% you paid is a fee for services the bail agent provided. When a bondsman posts bond, they are agreeing to pay the court the full amount if the defendant skips bail. This is a big financial responsibility, which is why the fee is charged.
Get Out of Jail Fast and Cheap
As you can see, there are good things and bad things about both posting a cash bail and using a bail bondsman. Simply put, if you don’t have a large amount of cash readily available, using the services of a bail agent is the best option. You’ll be able to obtain the fast release of your loved one for a much cheaper price. Contact All Day All Night Bail Bonds for more information today!