Is collateral is required?
Often we do not require collateral. However, here are some examples of the type of information we use to determine if collateral will be required:
- Accused person’s past arrest history
- Whether or not accused person is local to St Lucie County
- If you are employed
- How are you related to the accused
- How long have you and accused have known each other
There are several reasons why we may not require collateral for your bail bond. Firstly, if the defendant has a strong community ties, such as stable employment, family connections, or a long-term residence in the area, we may feel secure in not requiring collateral. Additionally, a positive credit history can also play a significant role; if the individual has demonstrated financial responsibility and reliability in the past, it can alleviate the need for collateral. Furthermore, if the bond amount is relatively small, we might assess the risk as low enough to waive collateral requirements. Lastly, personal assurances from the defendant or co-signers may provide us with confidence in their commitment to attend all court proceedings, further reducing the necessity for collateral.
