If you are locked behind bars and need a way out quickly, you can turn to a bail bond agency. A bail bond agency helps people stuck in jail by providing loans to them. If you need a loan to get out, you will have to pay the required fees. You can pay the fees with money or with collateral. If you are wondering how much collateral you need, here are a few things to know about the bail bond process.

How Much Is the Set Bail Amount?

There is no set answer that works for all situations with bail bonds, as every situation is different. The first factor that affects the answer you are looking for is the bail amount you have in your case. The amount listed as your bail is something the court determines after your arrest.

When the court sets the amount, they base it on things, including the nature of the charges and your criminal history. The amount could be as low as $300, but it could also be much higher than this. There are times when bail is $100,000 or more. Whatever the amount is for your case plays a role in the collateral you need to use a bail bond agency for help.

How Much Cash Can You Come Up With?

The average cost of the fees for a bail bond is 10% of the fixed bail amount. To determine how much collateral you might need, you should consider how much 10% is of the bail. If the bail is $10,000, 10% is $1,000.

While you might need more money and collateral than $1,000, this is the basis to work with. If this is the amount, how much of this can you come up with? Do you have money in your bank account to use for it? Could you borrow some from a friend or family member? The more you can come up with, the less collateral you will need.

Are You a Flight Risk?

One last factor to consider is the level of risk you present to the court. If you are a high flight risk, you may need to come up with a lot more than 10%. You can use a variety of cash and collateral to pay your fees, and you can use almost any asset that is worth money. To find out the exact amount you need to get bailed out, call a bail bond service in your area.