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What Is a Surety Bond?

Surety bonds work somewhat differently from cash bonds. They are more commonly used for bailing someone out of jail.  Most bail bondsmen provide surety bonds for the release of the inmate at a fee of 10 percent of the total amount of the bail. Twin Cities Bail Bonds, one of the leading surety bond companies in Minneapolis, MN, charges 7% down on most bail bonds, and does not require credit checks or collateral requirements on most bail bonds.

Bail bond agents act as “sureties” and post bail on behalf of their clients. They earn their profits by charging their clients a non-refundable fee. If the defendant for whom they are posting bail fails to show up in court at the appointed day and time, the bail agent forfeits the bond amount.

There is a difference in the initial amount that is paid to secure a defendant’s bond between a cash bond and a surety bond. Cash bonds require the bail agent pay the entire amount of bail demanded by the court before the defendant is free. For example, if the judge sets bail at $50,000, the entire amount must be paid upfront. That amount is used as collateral until the trial is completed.

 

The Benefits of Being a Bail Bondsman

You may not find glamour in being a bail bondsman, but it can be fulfilling, lucrative, and interesting for the right person. Bail bondsmen are essential players in the criminal justice system because they assist law enforcement, and help criminals get their lives back on track. While this line of work can be dangerous, there are also a number of benefits that may outweigh any drawbacks. Some of the benefits of being in the bail bond industry include the following:

  • Flexible Schedule: As a bail-bond agent you can work as much or as little as you want. Bail bondsmen can control what days and hours they work, whether full-time or part-time.
  • Good Income: Without working full-time hours and days you may still be able to draw full-time income if you write several bonds each month.
  • Opportunity for Self-Employment: Once you’ve learned the business you have the option to start your own bond company. You will then be able to control all of the daily operations, including choosing the bonds you want or don’t want to write.
  • Job Security: The bond business is always necessary despite recessions. In fact, an economic downturn corresponds with a higher crime rate, so the bail bond agent always has job security.

 Rely on an experienced bond company in Minneapolis, MN, when you or a loved one needs help.  Twin Cities Bail Bonds stands ready to help you 24/7 in your time of need.

Mistakes to Avoid When You Post Bail

The majority of us don’t ever plan on being in a situation in which we need to post bail, either for ourselves or a loved one. However, mistakes happen to even the best of us. That’s why it’s good to know what to do in the event you need to post bail so you can get out of jail until your upcoming day in court. There are some behaviors you don’t want to do when you post bail through a bail bonding agency.  If you need help getting out of jail anywhere in Minnesota, you can count on Twin Cities Bail Bonds, but remember to avoid all of the following mistakes:

Lying to the Bond Agency: It is essential that you tell the truth on the paperwork you fill out for the bail bondsman. If you lie on any of the paperwork, you may be charged with another crime or forfeit your bail money.

Skipping Bail: If you don’t appear at your court hearing, you will accrue further fees and penalties on your bail bond, and there will also be a warrant out for your arrest.

Failing to Meet Payment Deadlines: Read the contract between you and your bail bond agency to receive the funds you need. You need to know when the money must be paid back as well as what the penalties are for missing a payment.

When you need a surety bond in Hennepin County depend on the bondsmen at Twin Cities Bail Bonds.

 

 

Welcome to Our Blog

Welcome to the new Twin Cities Bail Bonds Blog. We look forward to serving you with useful information and interesting articles about the processes for posting bail, to avoid, and more. There is never a good time to be charged with a crime, which is why we provide 24/7 assistance for our clients. We consider every client’s incident to be an emergency, so you can expect prompt and reliable service for 7% down on most bail bonds. We are proud to offer affordable bail bonds in Minneapolis, MN, and throughout Hennepin County if you or a loved one is facing charges of any of the following:

  • DUI
  • Murder
  • Simple Robbery
  • Drug Possession
  • Petty Misdemeanors
  • Traffic Violations
  • Alcohol Monitoring Bonds
  • Criminal Sexual Conduct
  • Domestic Violence or Assault
  • Felonies
  • Probation Violations

 Our bail bond company is licensed and experienced. Choose our knowledgeable and compassionate staff to take care of all of your bail bond needs. We are here to take you through the whole bail process–step-by-step– if you need it.