November 02, 2023
It's estimated that there are approximately 10.5 million unauthorized immigrants in the United States. The ever-increasing figure means that ICE has never been more active in tracking these individuals down.
If you have a loved one who's been arrested by ICE, you likely want to obtain an immigration bond. Unfortunately, both the bonds themselves and the fees associated with them are quite expensive.
That's why many individuals turn toward a collateral bond. In this guide, we'll break down some of your options when it comes to things you can put up as collateral for these types of bonds.
There is no set cost for an immigration bond. Rather, the ICE official will set the bond cost based on a variety of factors related to a specific individual.
Some of these immigration bond eligibility factors include things like whether or not the individual has a criminal record, their role in the community, and whether or not they've had immigration bonds issued in the past.
You'll be required to pay the non-refundable fee, which is 15% of whatever the bond is. This can be earned back once the individual goes to court. Make sure to check out this guide to learn more about what an immigration bond is and how it works.
Yes, all immigration bonds will require some form of collateral. So why are collaterals necessary? It's collected as a guarantee for the bond company that the individual arrested will appear in immigration court on the appropriate date.
Once the court case is over and the individual has followed its ruling, then the company will return the collateral to you. Alternatively, if you have the full amount for a bond, you can post it directly with ICE to avoid using potentially valuable collateral like your house.
Different immigration bond companies will accept different things for collateral. Here at Action Immigration Bonds & Insurance Services, Inc., in addition to cash and credit cards, we also accept real property, homes, and land as collateral.
Contact your bond company to find out what specific form of collateral requirements they need from you. In some special cases, a monitoring device might be issued instead of a bond.
If that's not the case and you aren't sure how to pay for your bond, consult this resource for some tips on paying an immigration bond.
We hope this guide helped you learn what you can put up for a collateral bond. Here at Action Immigration Bonds & Insurance Services, Inc., we know how stressful it can be when someone is being held at an immigration detention center.
Because every minute can feel like an hour, we're open twenty-four hours a day. What's more, our multilingual company is ready to provide you with guidance for your specific case.
However, don't take our word for it. Learn more about our company today to discover why we're the perfect fit for your immigration bond needs.
Our agents can tell you more about your particular needs.
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