NO COLLATERAL FOR BAIL BONDS IN TULSA
Alameda Bail Bonds in Tulsa believes in second chances. Sometimes the bail is so high that most other Bonding Companies will require Collateral to secure the bond. Bail bonding firms use homes the most to secure a bond. Bondsmen prefer homes to secure the bail in case the defendant skips his or her court appearance. Alameda Bail Bonds in Tulsa offers no Collateral for bail up to $50,000 and higher with approved cosigners. Also Offering 8 percent cash discounts if you qualify. We offer lower rates for Veterans, teachers, and first responders. Please see our requirements for bail page for information on what is required from us. If you reside outside of Oklahoma, we have Online Applications available if you qualify. Call us if you have any bail related questions
WHY BAIL BONDS COMPANIES NEED COLLATERAL
Despite paying the premium, sometimes the bail agency wants Collateral. The reason why a bondsman wants security is if a bond is high and there is no way of paying it with a co-signer. If it’s a house, the bail Agency can sell it to recover the money lost on paying the full amount of a bond. Likewise, if the person who put the collateral up were more motivated to help find the defendant, they would never lose their property. There are a lot of rules for bonding agencies on how to accept a mortgage and how to file it at the courthouse.
VEHICLES FOR A GUARANTY
A vehicle can be a Guaranty, and a bondsman must secure the vehicle until the defendant completes all court dates. The vehicle should also be insured by the bail bonding agency, to protect it in case of an accident. A bondsman cannot just drive someone else’s car that is collateral. If the vehicle was sold for the premium, it would be owned by the bail bond agency. Make sure you get a receipt stating if your vehicle is sold or a guarantee for a bond. By doing so, you can have proof for your records.