How Can I Pay a Bail Bond?
When you’re faced with the need to come up with a large amount of money to cover bail for yourself or someone else, it can be difficult to find a good way of doing so. There are several ways you can secure bail funding and come up with the money for the service fee to pay for bail bonds. These methods include:
- Credit card
- Promissory note
- Real estate liens
- Collateral bonds
- Payday loans
- Car title loans
- Government pay services
- Whole life insurance policies
- Pledged stocks and bonds
Are Bail Payment Plans Available?
Many bondsmen offer payment plans and financing options to cover the cost of a bail bond and associated service fees. Some of these options require a down payment and monthly installments with interest, and others offer zero percent down and zero percent interest payments. Some companies even offer discounted bail bond fees, charging less than the standard 10% rate based on certain criteria. Some bail bond agencies even offer to help clients secure funding to take care of the bail bond and/ or bail service fees. For large bail amounts courts and bail bond agents usually have a specific set of ratios and required standards which must be met. A combination of assets, property, and money will likely be used for a large bail amount.
Depending on the bail amount, the court may hold a formal 1275 hearing to verify the source of the funds being used to post bail to ensure that these funds were not obtained illegally. Your credit score could weigh heavily in your favor when applying for a loan to cover a bail bond. Most companies will look favorably on your loan application if you have used credit responsibly in the past, even if your credit score is not at the top of the scale. If you have a good credit history, solid employment, and decent collateral to use for the loan, you stand a good chance of being approved for a loan and/ or accepted for a payment plan.
Bail bondsmen understand that coming up with the funds to cover bail bonds and their associated fees can place a burden on a person or family, and that’s why many offer bail payment plans and other options. These companies will work with you to find a solution that makes it possible for you to get your loved one released from jail as quickly as possible.
If you or a loved one need to locate a bail bond agent in your area contact Bail Agent Network, a national, online bail agent directory and referral service connecting defendants with local bail bondsmen. Let us help you find the resources you need to help you get through the bail process.