Common Types of Bail Bond Collateral

If you don’t have the money to pay bail, you’ll need to secure a bail bond through a reputable company. For that, you need either cash  — around 10% — or collateral upfront. There are many types of collateral. Depending on the bail agency, you may be able to use electronics, vehicles, firearms, and other valuable possessions. Let’s go over the common types of bail bond collateral and how to secure your bond.

Common Types of Bail Bond Collateral

1. Information – In many cases, your bail bond agent may be willing to work with you in return for actionable, timely intelligence. Chances are, if your bail bond agent doubles as a bounty service, they could use the information to help catch a criminal who skipped out on bail.
2. Property – It is also possible to use property as bail bond collateral. As long as there are no liens against the property, you can put it up as collateral.
3. Vehicles – As long as you have the title, you can use a car as collateral. Of course, the trade-in value of the said vehicle must be adequate for your bail bond fees.
4. Cash – The best form of collateral is, and always will be, cash. If the bail amount is low enough, many applicants have no trouble coming up with the small sum for collateral.
5. Jewelry – Yes, we know that handing over precious jewelry can be tough. As a form of collateral, jewelry is a fantastic option. Once appraised, your jewelry may be more than enough to cover the cost of your bail bond.

If you require top-rated bail bond services and have some form of collateral to hand over, call AAA Bail Bonds. We’re available day and night at 406-549-2245!