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This begins following the set bail by the court or jail. A bondsman draws up the necessary paperwork, submits the bond for approval, then once it's approved, the facility starts procedures for releasing the individual internally before they leave.

First option is to pay the full amount of the bond in CASH plus a filing fee that goes straight to the jail. For example, if you had a friend or loved one in jail at the Arapahoe County Jail in Centennial, CO on a $3,000 cash or surety bond. You could secure their freedom/release by giving the Jail the $3,000 CASH plus a filing fee in Arapahoe County of $10 for a total of $3,010.00.

Second option is after the bond is set, the qualified Cosigner or person willing to be responsible for the bond(s) contacts one of our friendly & professional bail bondsman to assist you for pennies on the dollar. By hiring a bondsman continuing with the example above calling for a $3,000 cash or surety bond. You would pay cash which is called Premium for the bond in the amount of up to 15% (Colo. Statute limit) of the bond amount in cash, credit, by using property or if you do not have all of the premium we could even do a payment plan depending on the bond amount (pay plans not available on bonds lower than $3,100). There is still a filing fee applied for each bond. So a $3,000 cash or surety bond would cost you up to $450 plus the filing fee of $10 in Arapahoe County for a total of $460. Now the State limit is 15%, however, if the co-signer is using Collateral the pricing will typically get better. In other words, depending on the collateral pledged by the co-signer the price could come down as low as $290 plus the filing fee of $10 for a total of $300. Third option is after the bond is set, and the Court includes the option to use property to post the bond which is usually available when bond amount is $10,000 or greater the bond is set as a $10,000 CASH/PROPERTY/OR SURETY BOND. In this case the Cosigner could pledge a Home or some REAL property with the Court and the Court placing a lien on the Co-Signers home in the amount of the bond plus the jail filing fee to secure the persons freedom/release.

Fourth option is in setting the bond the Judge decides to give the person in jail a Personal Recognizance bond or a P.R. bond and allow them to essentially sign and be released.

Check for clear communications, proper licensing and knowledge about Colorado jail procedures. A good bondsman should remain open about his terms and conditions, not include hidden terms or conditions, and keep the recipient updated throughout the entire bondsman release coordination process.

The fee of the bail bond is normally non-refundable since this is for the services provided. If you used collateral, however, that can be returned after all court responsibilities are met and the bond is terminated.

Completion time will vary depending on accuracy of paperwork filed, speed of processing paperwork in the jail and workload of the facility. Typically, bonding itself takes a short period, but the release date will be determined by the rate of the detention center's verification process.

The financial responsibility, the ability to identify the co-signer and willingness to assume legal responsibility for the bond. Additionally, stable income, assets, or credit reliability might be taken into account in the approval assessment process.

The court will release the bond if the charges are dismissed; however, the bonding fee will be credited as earned service. All legal and administrative requirements are usually resolved and the money is paid back, with the collateral re-shipped.

Collateral is something that is offered, pledged, and given as a guarantee of the bail agreement. This can include financial security such as vehicle, real estate or valuables if there are court obligations or appearance requirements that have not been met.

CASH. Cash can function as collateral as well. For example, if someone needed a $5,000 bond and they had no collateral they may be required to put up SOME cash collateral. The bail company may ask for $500 cash collateral in addition to the premium charged. However, unlike the premium the $500 cash collateral would be returned in full to the cosigner’s upon the cosigners provided proof that the case/bond has been released. Home or Real Property. The home or real property to be pledged via a deed of trust may be in Colorado or outside of Colorado just so the property to be used is not currently situated in a Homestead State. Colorado is NOT a homestead State. The bail company will place a lien on the home to the extent of the bond and the lien will remain in place until the bond is fully released which means the case made it to a final disposition. Jewelry. We have jewelry appraisers that will appraise the jewelry and we allocate the amount as collateral. Upon the closing of the case and release of the bond the jewelry is returned to cosigner(s). See below how jewelry can be used to pay the premium on the bond. Credit/Debit Card Collateral. We would not charge the card until and ONLY if the defendant fails to appear or fails to pay all premium as agreed. If you have a valid credit/debit bank card call us for details on how this CAN be used as a form of collateral.
Auto Title. If the cosigner has an original, GREEN TITLE to a vehicle meaning the property is fully paid off and the Title is in the name(s) of the cosigner(s) and the vehicle in question is in good working condition with a current registration and valid proof of insurance it could be pledged as collateral. Now the amount of Collateral allocated to the pledged property will also vary. Obviously the value that will be allocated will be directly tied to the year, make & model as well as the current condition of the vehicle being pledged. We give 0 (zero) value to non-registered and non-working or driving vehicles.
Un Secured-Lines-of-credit. A portion of a credit line may be used a collateral. Bank Account and/or Annuity Accounts. These may be used as collateral to the extent of the bond(s) being posted.

Depending on specific circumstances and eligibility, payment arrangements may be afforded. These options enable the bond fee to be met gradually through the course of the process rather than the entire bond fee being paid at the outset.

The Qualified Co-signer would have to enter into an agreement with bail company agreeing to see to it that all outstanding premiums to be paid over a future period of time are fully paid as agreed AND …… Put down as much as possible at the time the full amount of the bail is posted by the bondsman (the down payment must be at least 50% or half of the required bail premium). For example, if someone had a $20,000 bond a co-signer would have to put down at least $1,250 on the premium and agree to pay installments on specific dates until all outstanding premiums are paid in full. Because the qualified co-signer is borrowing premium funds by using a payment plan, the pay plan must be strictly followed. Any defaults or failure to comply with payment plan terms could result in the re-arrest of the defendant. All payments must be made as agreed.

Absolutely, self-employed workers are allowed to apply if they can provide records of their earnings, like their bank statements or tax returns, that show that they have earned a regular income. Financial responsibility is emphasized while the traditional definition of employment is not.

A copy of your business license & a business card OR ….. … A copy of a recently filed income tax return (no more than 1 tax year old) OR ……. … A copy of your sales tax license & a business card OR ….. … A copy of a recent check made out to you or your business & business bank account statement that shows deposits from business activity.

If you are self-employed and would like to see if you qualify to co-sign, please do not hesitate to CONTACT US or call for details at 303-960-2556.

Persons who are not employed are eligible if they are able to establish other means to survive financially, including savings, assets, or financial responsibility with other stable co-signers as determined by case approval guidelines.

The purpose of bail is to provide an implicit financial bond with a court that pledges a defendant to appear before that court. A bond can be posted after the person has been arraigned allowing the person to be released pending the lawsuits process in court.

Yes, out of state co-signers are frequently accepted. The majority of documentation and verification requirements may be done remotely, and participation can be completed without making the trip to Colorado for the process of bonding.

In some situations, a person can place assets, such as a vehicle title or valuable, as collateral in place of cash. The approval is based on the value assessment, ownership verification and the fulfillment of the bonding requirements defined for the agreement.