by regi | Sep 18, 2021 | Uncategorized
Bail is a major component of any sentence or fine. It gives the court the assurance that the defendant won’t run. And while some people do not understand the nuances or details of how bail is posted, it does help the court keep track of defendants and account for bail.
The amount of bail money that a defendant pays will depend on the severity of the crime committed. In the state of Texas, bail starts at $1,000 – $5,000 for misdemeanors, Up to $20,000 for more serious offenses, and for suspected murder cases, bail bonds money starts at least a million dollars.
Before the defendant is set free, the bail amount is posted to the court, which is then paid to the office of the judge or magistrate, who is responsible for setting the defendant’s bail. After that, the judge or magistrate makes a determination as to whether or not the defendant will be released.
Who pays the bail?
There are 2 ways a defendant can post bail. The first option is to pay the full amount of bail money directly to the court. Shouldering the entire burden and taking on the responsibility to show up at his/her designated court dates.
The second way to post bail is by hiring professionals. Not everyone in the U.S. has thousands of extra money to bail themselves or their loved ones out of jail. That’s why there are companies like Billy’s Brownsville Bail Bonds who specialize in assisting you with your bail concerns.
The way our team operates is by shouldering the bail amount and charging the defendant a small fee of 10% – 15%. We make sure that you show up for your hearing and will also handle communication with the court representatives.
Where does the bail money go?
After you or your bail agent has paid the bail money to the court, it will be held onto by the court system. The court will continue to do so until the defendant has done all that is legally required of him like responding to court communication and showing up at his/her designated court hearing date.
Whether guilty or not, as long as the defendant complied with all the requirements, the full amount of bail will be returned. If you paid the entire amount by yourself, it will take several weeks to process and get a full refund.
If you hired a bail bondsman, you will not get back the 10% – 15% you paid them but the upside is you didn’t shell out the full amount of bail bonds money and you don’t have to go through the hassle of filing for a bail refund.
On the other hand, if you failed to comply with all the requirements and didn’t show up to your court hearing, a warrant will be issued and any claim to your bail money will be forfeited, bail bondsman or not.
Benefits of hiring a bail bonds company
Here is a list compiled by our team on the benefits we can afford you and your loved ones:
Financial Savings
If you don’t have thousands of dollars saved up, hiring a bail agent can be your only choice if you want to post bail and get out of jail while waiting for your trial date. The company will shoulder the bulk of the cost and you only have to pay a certain percentage.
Legal knowledge
Talking to court representatives can involve a lot of technical terms and some of them might escape your full comprehension, professional Bail Bond agents know the ins and outs about how the bail process works and will be able to expedite the process.
Bail agents know the ins and outs will also make sure that you show up at your designated court dates and that you will know what you’re getting into.
Avoid financial scrutiny
If your bail amount is quite a large sum, and your current financial situation doesn’t support you being able to shell out that much money, an investigation could be launched and could delay the process even further.
Bail companies have a reputation with the court and when you hire them, there will be no questions asked about whether the money was legally obtained or not.
by regi | Sep 12, 2021 | Uncategorized
There is a preconceived notion that investments are only for those who are financially well-off, that couldn’t be farther from the truth. The best investment is the one that takes into consideration your needs and financial goals.
High-yield savings accounts, money market funds, certificates of deposit, government bonds, stocks, real estate, and most recently, cryptocurrency.
There is so much information available that it is hard to know what is true and what is not.
There are a lot of reputable hard money lenders out there, but knowing what to look for when evaluating one is really key. The team at Nashville hard money has listed a bunch of criteria to look at when choosing a hard money lender.
Our team will try to help you sort through all the noise and find the information that will help you make the right decision for your financial future.
Types of Investments
High-yield savings accounts
This type of savings accounts usually yields 20 to 25 percent more than a traditional savings account, allowing for your money to grow at a faster rate than normal due to compounding the interest you earn.
This is a popular choice especially since the rise of online banking. This type of investment is best for short-term savings or money that you will only occasionally take from.
Certificate of Deposit
A certificate of deposit (CDs)is offered by banks or credit unions offering higher-yielding interest rates but on the condition that the investor will not touch the lump sum for an agreed period of time.
Not all CDs are the same. Almost all financial institutions offer them at varying rates, periods, and penalties for early withdrawal. Common terms for CDs are one, three, and five years.
CDs are best for the money you know you will not use in the near future and money that you are growing to serve a specific purpose.
Money Market Funds
The money you invest in a money market fund purchases a high-quality short-term government, bank, or corporate debt. These instruments are described as highly liquid and near term.
A money market fund is an investment that is sponsored by an investment fund company. Therefore, it carries no guarantee of principal. This is ideal for the money you may need soon that you’re willing to expose to a little more market risk.
Government Bonds
Probably the most common investment made by the older generation, this type of bond is issued by the government as a security for you as an investor for loaning the government money. The term is anywhere in between a year all the way to 30 years.
Because you are dealing with the state, it is considered as a virtually no-risk investment but also because of that, interest rates are also relatively lower compared to other investment options. This results in a portfolio that has low volatility.
This investment type is for people who are risk-averse and do not want to take chances on their money. If your portfolio consists of 100% government bonds, you will likely have to work for longer before reaching any financial goals you have for retirement.
Corporate Bonds
Corporate bonds are bonds issued by corporations—from small family-owned businesses to large multinational corporations—to raise money to fund operations or to provide capital for expansion.
Corporate bonds are securities that represent a claim on a company’s assets and earnings. The buyer of a corporate bond is essentially lending money to the company, and the company agrees to pay interest to stockholders in the form of dividends.
Investors seeking fixed-income security with a greater prospective yield than government bonds are willing to take on a little more risk in exchange. The larger the risk of a corporation going out of business, the higher the yield on corporate bonds. Bonds issued by large, reliable firms, on the other hand, often have a lower yield.
Mutual Funds
Many people use mutual funds to build a steady income stream by investing in a variety of investments, including stocks, bonds, real estate, and businesses. Mutual funds are pools of money invested by individual investors to buy stakes in a portfolio of stocks or other securities.
An individual investor may invest in an entire fund or may buy individual stocks or bonds. Funds are managed by professional investment managers who examine every holding in the fund and decide whether to buy it and how much to buy.
The fund’s portfolio is then rebalanced periodically to keep it in line with the original goals so that it does not lose money. This is great for someone who has long-term savings goals and who does not have the time to personally manage their own portfolio.
Stocks
Stocks are proof of part ownership in a company. Stocks provide the highest possible return on investment while also exposing your money to the most risk. You should not be disheartened or intimidated by the risk that stocks come with. When done right, stock investment can be very profitable.
Stocks offer great diversification in your portfolio. Although stocks can give you high returns, experts typically advise that stocks should only make up 10% of your portfolio because of their high volatility.
Alternative Investments
These comprise cryptocurrency, gold and silver, and private equity. These rose to popularity after the great depression when investors saw their portfolios take a hit due to the economic crisis.
These are for investors who want to try new things and are willing to dive into different ways of making money. Cryptocurrency has the highest volatility in all of the investments mentioned above.
Real Estate
Buying a property and then selling it for a profit is traditional real estate investing, as is owning a property and collecting rent as a type of fixed income. However, there are a number of other, much less hands-on ways to invest in real estate.
Real estate investment trusts, or REITs, are one popular method. These are businesses that possess income-producing properties and payout dividends on a regular basis.
These are ideal for investors who already have a well-diversified portfolio and want to diversify it more, or who are willing to take on greater risk in order to achieve higher returns.
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