Bonding yourself through a bondsman will cost you 10% of your $100,000 bail. You will owe the bondsman $10,000.
Some bail bond businesses need collateral in the form of payment plans or assets like real estate.
Keep in mind that bail bond firms are not connected to the government. They are a 3rd party agency providing a mechanism to get someone out of jail until their court appearance. They are taking a chance by giving you the cash upfront. So if your bail is $100,000, the bail bond business has to put up the $100k on your behalf, hoping that you will make the court date.
What Does Having a $100,000 Bond Mean?
If you want to be released from jail ahead of your court date, you must give the court $100,000. If you are unable to pay the court the $100,000, you will be detained until your court appearance.
How To Qualify For A $100,000 Bail Bond Through A Bondsman
You don’t just go into a bondsman’s office and become instantly eligible to sign a contract for a $100,000 bail bond. When bonds are this expensive, you must demonstrate your ability to repay the bond money. This can happen in a variety of ways…
- A reliable source highly recommended you.
- You have $100,000 worth of collateral in the form of a car or house.
- You can prove your income through bank statements or tax records.
- You already have the $10,000 and do not require a payment schedule.
- You also have a reliable co-signer.
- There are no previous records indicating you didn’t attend your court date
What Happens If I Miss a $100,000 Bail Hearing?
What happens if you sign a bond and flee? You acknowledged your responsibility for them when you signed the bail bond contract. The money you put down on their behalf will be returned to the bondsman or the court if they (or you) fail to appear in court, and you will not be given a reimbursement. You will be sought after if you fail to appear on a $100,000 bail bond, where the bondsman is accountable for the cost. You’ll hear from your friends, family, and employer, and there may even be a reward for your capture. Know more here.