Bail Bonds: Secured and Unsecured 

Going to jail can be scary, no matter the reason. No one wants to sit in jail and wait for a trial, but paying bail can be expensive. A bail bond can help you get out of jail fast, but what type of bond is right for you? There are two important types of bonds: secured and unsecured. You need to know the differences between the two so you can decide which one is the best choice for you. 

A secured bond requires that you present something to secure. The bondsmen want to ensure that they will get back the money they lent to you. You can use items like car titles, jewelry, property, cash, and equipment to secure your bond. As long as you make your trial, you will keep your belongings, but if you don’t show, you lose them.

Unsecured bonds don’t require something of physical value. They simply require a signature or written promise. While this may sound more promising, there are risks that come along with this type of bond. Since you are required to provide a signature, you will be forced to pay a certain amount if you don’t hold up your end of the agreement. You may qualify for an unsecured bond if you are not considered dangerous, have good credit, have not committed serious crimes, or have been a resident in the area many years. 

Both of these bail bonds can help you get released from jail before your trial. The team at Big Mike’s will help you find the best bond for you with affordable options. Call Big Mike Bail Bonds at 919-934-5656 to see how we can help you!

SOURCE

https://www.1stchoicebail.com/secured-vs-unsecured-bail-bonds-what-are-the-differences/