secured vs unsecure bail bonds

Bail bonds can be confusing, especially if you have never aided a loved one in that situation. Therefore, one of the most significant things to understand is the difference between the two main types of bonds: secured and unsecured. Below will help to give you the foundational knowledge you need to know in order to quickly and successfully help your loved one in this type of situation. 

WHAT ARE SECURED BAIL BONDS?

Secured bail bonds are essentially when a suspect's family either puts down money or assets in order to get their loved one out of jail. This collateral is kept by the judicial system if the suspect does not show up to their court date after being let go. This functions as incentive for both the suspect to want to come back for their trial date, so that their loved ones don’t get penalized, and encourages the loved ones to make sure that the suspect goes to trial, so that they don’t lose any assets. 

WHAT ARE UNSECURED BAIL BONDS? 

An unsecured bail bond is tough to receive for major crimes. The only way that a suspect can be granted this type of bail bond is if the judge has reason to believe that the defendant is likely to show up to their court date. Therefore, this type of bond is typically used in minor crimes as opposed to more serious crimes since it is so risky. If the suspect does not show up, despite being granted this type of bond, then he/she will be charged with an additional charge known as failure to appear. 

BUDGET BAIL BONDS CAN HELP

With over two decades of industry experience and a dedicated staff on call 24/7, you can trust Budget Bail Bonds to get the job done right. We have helped countless individuals in the Connecticut area, and would love to do the same for you. Just give our office a call, and we will schedule an appointment as soon as possible!