What is the difference between a cash bond, bail, and a bail bond?
A cash bond, also termed a “cash-only bond”, is set by the court. This type of bond is issued when a defendant will only be allowed release from jail after the full amount of the bail is paid in cash to the court. In these cases, a bail bond written by a bail bond company would not be accepted.
Bail is also an amount of money that is required by the court in order for the defendant to be released from jail, however, you can utilize the services of a bail bond company, such as Blue Force Bail Bonds, to help you to pay it. When bail is set for the defendant, they agree to return to all future court proceedings that are held upon those particular charges. The bail bond is the means by which to attain the bail money that is required. Blue Force Bail Bonds will go to the court on the defendant's behalf in order to secure their release from jail. Assurance is given that the defendant will then appear for all future court dates. The defendant and/or cosigner who meets with a bail bondsmen from Blue Force will be able to secure this bail bond by way of a loan requiring collateral, such as cash or real property, such as a vehicle or a home. The fee to secure this bail bond in Colorado can be as low as $50 or as high as 15% of the amount of the bail set by the court. One of our bail bondsman will then provide the court with the guarantee that the full amount will be paid to the court if the defendant disappears. In a way, a bail bond is similar to a post-dated check that is given to the court and the court agrees not to cash that check unless the defendant fails to show up for court. Therefore, if your bail is set at $250, you will may pay a fee of $50. If your bond is $10,000, you can be charged as high as 15% or $1,500 to purchase this bail bond, but Blue Force Bail Bonds is very flexible and will work with you to get you the bail bond you need for less than many of our competitors.