If you or a loved one needs to post bail, you may be wondering what types of collateral bondsmen accept. It’s important to understand that bondsmen require collateral as a way to ensure their clients show up for their court hearings. At Wanna Get Out Bail Bonds, we offer free advice to those who need it. Our Oahu team is available to answer your questions and assist you in navigating the process of posting bail.
Types of Bail Bond Collateral
- Cash: Cash is the most common type of collateral. Bondsmen will require a percentage of the total bail amount, which is 10% in the state of Hawaii.
- Property: Property such as real estate, cars, jewelry, or electronics are also acceptable forms of collateral. The value of the property will be evaluated by the bondsman and must be proportional to the bail amount.
- Securities and Investments: Bondsmen may also accept securities and investments such as bonds, stocks, and mutual funds.
Why You Might be Required to Present Collateral
Bondsmen require collateral for several reasons. First, it’s a way to ensure that the client shows up in court, as the collateral will cover the bail amount if they don’t. Second, it also shows the bondsmen that the client is financially stable and can repay them if necessary. Finally, collateral protects the bondsmen from financial losses if the client doesn’t show up in court.
Get Free Advice from Wanna Get Out
At Wanna Get Out Bail Bonds, we understand that posting bail can be a confusing and stressful process. That’s why our experts offer free advice to clients. Our team is available 24/7 to answer any questions you may have and to explain the bail process to you in detail.
Wanna Get Out Bail Bonds is a leading 24/7 bail bonds service in Oahu. We are dedicated to providing fast and reliable services to our clients. Our team of experts will help you identify the best type of collateral for your case and guide you through the entire process. Choosing our 24/7 bail bonds service means you’ll have a team of experts working hard to ensure your release from jail as quickly and efficiently as possible. Contact us today for free advice.
