Pulling together thousands of dollars at a moment’s notice is not an easy task for a majority of the population. However, if you or a loved one have been arrested, you will find yourself in this exact situation. Getting yourself or a loved on out of jail requires financial resources that most people can’t access and bail ranges from a few hundred dollars to upwards of hundred of thousand of dollars. Most of the time paying the entire bail amount up front is out of the question since most people do not have this amount of cash on hand.
Bail bondsmen have several payment options to choose from but generally, payment options are first determined by the amount of money required to post bail. The initial cost to purchase a bail bond is 10% of the full bond amount, but for some, even this amount presents a financial challenge. The closer you can come to this amount, the better chance you may have with securing a payment plan. If you are only able to gather a fraction of that, a bondsman will want a cosigner with excellent credit on the bond.
Payment options are determined on a case by case basis and can vary greatly. Our knowledgable bondsmen will work with you to create a payment plan that works with your lifestyle. Bond payment plans are similar to loans in that you don’t have to have perfect credit to qualify, you may be eligible for low or no down payment or you may be required to make a down payment that represents your commitment to pay the remainder of the fee. Generally, you need to have credit and use it responsibly. As with loans, be aware of interest and financing fees.
Factors that determine payment plan eligibility include: length of residency, ability to make payments, employment history, and arrest history. We offer payment plans for any budget. Often times payment plans are set up for as little as $25 a week. Payments can be made with cash, personal checks, money orders, and most major credit and debit cards and can be taken over the phone. In order to not incur any additional fees, a monthly automatic reoccurring payment via your credit or debit card may be the best option. Be sure to agree to payment amounts that realistically fit into your budget.
Bail bondsmen have many financing options available and are equipped to guide you to the best choice for you or your loved one’s situation. We are compassionate and work diligently to make this difficult time as stress-free and as affordable as possible. Contact us today to find out how we can help you in this time of need.