Many have heard of bail bonds but do not really know exactly what is does. Bail bonds are used to help people get out of jail when they have not enough funds to post the bail themselves. This will keep them out of jail while they are waiting for their next court date.
A bail bonds agent can post bail on your behalf in case you get into trouble in the sin city. You will be charged an interest fee, usually on the lines of ten per cent. They are quite handy especially if you are caught unprepared or the bail set is too high for you to afford.
Never think that you are already free once you have posted bail with the help of a bail bonds company. Once you fail to appear on your court date, the judge will automatically issue a warrant for your arrest. To avoid this, you may request for an extension until you next court date so you will not default. But then you have to pay another ten per cent interest to the bail bonds company.
When the bail amount is very high, some bonds companies can even ask for a much higher value collateral, like your home or car. So if you do not show up on your set court date, not only will you have a criminal record for jumping bail, but will also lose your home or other things that you posted as collateral.
If you have the money to pay the set bail, then do so yourself. This will save you money and probably your other assets as well. But in cases wherein the bail is set beyond your means, then availing the services of bonds will surely come in handy.