When looking into getting a bail bond, you might come across the term collateral, and wonder what it means. Companies use collateral like insurance. If the defendant is compliant with all the terms of the bail bond, then the collateral is returned back to the original owner. If the defendant fails to make payments on […]
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Why Do Some Companies Need Collateral?
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Dec
Dec
Sometime when you are paying for a large bail bond, some bail bond companies require their clients to put something up as collateral. This can be very inconvenient and discouraging for some people, which will prevent them from even trying to bail their loved one out of jail. For those who may not know, collateral […]