Bail bonds are essentially an insurance policy of some kind for a bail bond firm to identify first. Many bail bonds ensure that a person receiving a bail bond appears on their respective court date. The arrangement is called a bail bond in itself. If the bailout person turns up on their scheduled court date, then the case is over and the balance of the bail is unchanged. It is uncommon for individuals to turn up on time to court, but their bail bondman most times makes sure they show up and this is how the insurance companies make money! Feel free to visit their website at Connecticut Bail Bonds Group for more details.
There are two kinds of bail bonds, generally speaking: collateral and non-collateral. Collateral is where you promise to pay back whatever sum of money they owe you if they fail to appear on your court date. Non-collateral is where you pledge nothing to pay them to stop having to pay any money at all. If you do not appear, you can sign a full payment agreement on the bail when you get to your court date. Then the bond becomes an asset that the business holds until it is paid off or the defendant turns up again.
Usually, going for someone who has a strong background who has not been charged once since their initial arrest is the safest way for a person to have their own collateral set up by a bail bond firm. Again, if the individual does not appear in court, then the corporation will attempt to repossess the collateral and sell it to another company, which, because it is their collateral, may theoretically make more money off it. Those with collateral will get better deals with bail bonds than those without collateral, although there are certainly exceptions. However, if you are in trouble, it is often advised to use a bail bondman to help pay off your debts and to assist in court with your case.