27 Jun Even People Who Can Afford Cash Bail Use Bail Bonds
Bail bonds are an alternative means to bailing out of jail, costing people 10% of the full bail amount. Understandably, this can be seen as a “poor man’s” option for bail because it is significantly cheaper. However, the truth of the matter is that literally, anyone can use bail bonds, even the wealthy 1%.
Aside from the lowered cost, many people opt for the bail bond route because it is more convenient for them. When paying cash bail, they need to pay the entire bail amount before the defendant can be released from jail. That is challenging. However, when using a bail bond, a payment system is set up so that the defendant can be released from jail, then he or she will continue to make payments on the bail bond.