After an arrest, you don't have to spend all the days before your hearing locked up, thanks to bail bonds. A judge may grant you bail, mainly if your case isn't classified as criminal. A bail bond is a legal contract between the court and the defendant, allowing the defendant to earn his freedom after paying a certain amount of money. The money is an incentive for you to show up for court hearings. If you don't have money to pay the bail bond, you may remain in jail. Therefore, consider hiring a bail bond financing company. So how does jail bail financing work?

Setting the Bail Amount

Sometimes, the court may follow a fixed bail schedule, which makes setting the bail amount more straightforward. Nonetheless, the court may not always follow the predetermined bail amounts. In such cases, judges make various considerations. For instance, the court considers your criminal background and your case's severity. If you've been arrested many times previously and have committed criminal acts that present you as a risk to others, the judge may set a high bail amount.

Also, the court considers whether the defendant may be a flight risk and not show up in court for hearings. If you convince the judge that you're responsible and willing to attend all court dates, the judge may set a lower bail amount. In contrast, if the judge establishes that you're not likely to show up in court, they may set a higher bail amount. Alternatively, the judge may deny you bail altogether.

Making Bail Payments

Most courts grant cash bail, and you need to pay the money in cash. If you don't have enough money, a bail bond financing company can pay for the bond. However, you or a party representing your interests must sign a legal agreement requiring you to pay part of the bail while the bail financier pays the rest. Nevertheless, if you can't afford to pay part of the bond, bail bond companies may settle the total amount but ask you to provide collateral like a property.

When a jail bail company pays the bond, they take responsibility that you'll attend all court hearings. If you miss attending a hearing, the court may revoke your bond, and the bail bond financing business loses the money they paid for your bail. The company has a legal right to get their money plus interest from you.

Bail bond financing usually involves hiring a bail bond financing company to pay for your bail. Understanding how bail bond financing works can help you settle your bond quickly without experiencing financial strain.

Contact a company like Air Capital Bail Bonds to learn more.