Collateral is a term used to cover something that is pledged as security for repayment of a loan. Collateral is forfeited in the event that the original payment for the loan does not occur. You may be familiar with the concept of collateral for bank financing purposes, but did you know that it is also […]
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Bail Bonds Articles, Bulldog Bail Bonds, Fresno Bail Bonds, Richmond Bail Bonds
What Happens If I Bail Someone Out of Jail and They Do Not Show Up for Court?
02
Feb
Feb
You definitely do not want that to happen. If you pay for someone’s bail bond and they do not show up for court, you will feel consequences. You will have to pay off the bail, more than you would have paid if they showed up for court, and the collateral you pledged will need to […]
Bulldog Bail Bonds, Fresno Bail Bonds, Malaga Bail Bonds
What Collateral Is Acceptable for Bail Bonds?
16
Jan
Jan
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 […]
Bulldog Bail Bonds, Calwa Bail Bonds, Clovis Bail Bonds, Firebaugh Bail Bonds, Fresno Bail Bonds
Why Do Some Companies Need Collateral?
17
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 […]