Finding yourself in a situation where you need to post a bail bond for you or a loved one can be one of the most difficult times of anyone's life. Coupling the emotional turmoil of incarceration with the financial stress of securing bond can make the entire process seem overwhelming, so you need to be sure you have an adequate understanding of what you're taking on.

Below, you'll find a guide to understanding the various types of bail bonds and how each may be used to secure a release. Having this information in mind will allow you to move forward in this process with the confidence of knowing you've taken all necessary steps to protect your finances as well as your freedom.

Cash Bonds

The most common type of bail bond, a cash bond can be posted in order to secure the temporary release of an incarcerated person. The name is frequently misleading, as many jurisdictions allow you to post a cash bond with a credit card.

Be aware that posting a cash bond doesn't guarantee a return of the full amount. Many courts are now withholding large amounts of bond payments as reimbursement for court fees, so you should not count on a full refund even if the accused person successfully completes all legal obligations.

Surety Bonds

If you need to secure the release of someone but don't want to assume the full financial obligation in case they attempt to flee, a surety bond can be an excellent option. Once you post a cash payment with a bond agent, they will secure an agreement from a third party to provide financial protection if it becomes necessary.

A surety bond will likely require a ten percent down payment, and in many cases, that money won't be returned to you. People who choose surety bonds do so because they value staying in good standing with the court over the amount they have to put up, which is a decision calculus you have to weigh for yourself.

Property Bonds

Though relatively uncommon, some courts will allow you to post property bonds. If you have valuable collateral that can be guaranteed to the court in lieu of a cash payment, the court will then file a lien against that property in order to assure their interests are protected in case the bonded out party evades the court. This can be an excellent option for people who are short on liquidity but still have significant assets that will secure a temporary release.

To learn more, contact a company like Absolute Bail Bonds with any questions you have.