If you need a bail bondsman in Compton, contact LakeWood Bail Bonds Compton Downtown. Our team of experienced bail bondsmen are available now for free & confidential advice.
On the other hand, bail premium is the amount of money you’ll pay to the bond dealer as their services fee for posting your unaffordable bail. Typically, the bail premium the bond dealer will require from you or your close friend (cosigner) will be ten percent of the total scheduled bail amount.
That means, if the court requires you to pay a bail amounting to up to $4,000, you will pay the bond dealer $400 as their nonrefundable bail premium or services fee. In exchange, they will sign an official contract with the court presiding over the alleged offense, promising to make your bail payment when you fail or refuse to turn in court to defend your case.
Instead of struggling or burdening your family to pay your total bail in cash, you will only need to pay a small affordable percentage of your total bail amount to a bond dealer to post the bail on your behalf. Depending on your financial situation, a reliable bond dealer can even organize a payment plan that will work out in your favor to pay this bail premium without a hassle.
It is also worth noting that your prospective bond dealer may also require you to secure your release using a property of value (collateral). Depending on the total bail amount the court requires, the bond dealer may allow you to use any of the following valuable items as collateral