Qualifying for Bail Bonds

It is hard enough to find out that a loved one-son, daughter, spouse or sibling- has been arrested without having to think about the costs. Connecticut Bail Bonds Group-Bail Bonds Company offers excellent info on this. Arresting him is certainly not easy. The bail bonds can also be very expensive, in addition to the higher court costs. Yet there are ways to help in alleviating some of the payment challenges. Here’s a quick guide on how to apply for bail bonds and strategies that can help lighten the financial burden.

Knew about the costs

State legislation sets the amount bail bond companies can charge their customers. For example , the State of California requires that the fee collected by a bail bondsman be set at exactly 10 percent of the total bail— no more and no less. Negotiate not with bail bondsmen offering deals or seeking to overcharge yourself. They breach the Rule.

You can pay this fee through cash, most major credit cards, or money transfer. Most bail bond agents want all the money up front, because it’s the safest way for them to make sure they get paid and don’t risk money when the suspect jumps bail. However in some cases, many bondholders may provide for a long-term funding plan if the compensator, or person signing for the bond, can show financial stability.

Payment through a finance plan

If you can’t afford to pay the whole bail charge up front, inquire about the alternative of using a payment program to pay the sum over several weeks or months. Based on your financial history, you can qualify and that option will be permitted by the bail bonds company. If you’re setting up a payment plan it’s important to know you don’t have to pay interest. The fee can not be charged for any reason, which includes interest charges on a long-term payment plan, of course.

Factors suited to financial credibility

Home ownership and credit history are the two main factors which a bail bond company should consider. If you’re a landlord, this means you ‘re financially stable, can afford to pay bail, and can provide protection if the arrested person flees. The same can be said for good credit persons who pay their bills on time. They’ll have no problem finding a willing bail bondman and even obtaining a grant to pay bail bonds.