Bondsmen are the first person who can help a defendant get out of jail. But what if the defendant failed to pay the bail bonds premium, what could possibly happen? You can reach out to bail bonds Greeley for a starter. In this article, we will help you learn the obligations of the defendant to his/her bail bonds company before he/she takes out the bond.
If you or someone you love needs to post bail but cannot afford it, you can avail yourself of services from bail bonds Greeley Co to get you or your loved ones out of jail. A bail bond company requires you to pay a non-refundable premium to secure the release and in exchange, the bond company will sign a surety bond with the court, agreeing to deliver the defendant back to the court or owe the complete cash bail in full to the court. Even though bail bonds are meant to be a way to make bail when you are short of money, not everyone can afford the premium. Because of this, bail bond companies often offer payment plans. It is when you agree to pay monthly or weekly installments totaling up to 15 percent of the cash bail. Failure to pay the installment can be devastating.
Can you go to jail for not paying bail bonds?
Failing to pay the premium on the bond can make the defendant go back to jail. Bail bonds in Greeley companies have several options if the defendant or their co-signer stops paying the premium.
They could go to court and tell the judge that they no longer intend to be responsible for the surety bond.
The bail bond company can remand the defendant back into custody.
When either the defendant or their family member agrees to pay a bail bond, there is a binding agreement with the bond company. You must pay the non-refundable premium in exchange for release. It would not matter if the defendant is found guilty and it won’t matter if the case is about to get dismissed and the defendant is about to be released. If the bail bond is not paid, there is a violation of your contract. In addition, even if the defendant is not due to go back to jail, the bond company can take the other party to civil court to request the remainder of the premium payment.
A Bail bond is a contract
A bail bond is a legally binding agreement between the bond company and the defendant or co-signer to pay the premium in exchange for services. You can go to jail if you fail to pay the premium. As a result, you should not sign a contract you can’t complete. You could find yourself in a worse situation than when you started. If you are worried about how to find the right bail bonds in Greeley Co, Lucky Luceros are the good guys. Lucky Lucero’s Bail Bonds proudly serves the entire Front Range area. Call us now.