Can You Get A Payment Plan For Bail Bonds?

If money is an issue that might prevent you from bailing out of jail, a bail bond may be the best option. Of course, you may still have worries about bail bonds and paying the initial fees associated with them.

The good news? You may be able to use a payment plan to get out of jail. Here's what you need to know.

You Can Make a Down Payment

If you meet certain criteria, you may be able to put money down on your bail bond. This ensures that you put a small amount down now and then you can pay the rest of the bond later. This is a good thing because it allows the defendant to get out of jail and return to work, earning money they can use to pay down the bond.

Payment Costs Are Based on Several Factors

If you speak with a bail bondsman about setting up a payment plan, you should know that the plan they set up for you will be based on a number of factors. Some of them, like the amount of the bail set for you, are those you cannot change.

Then, there are factors in your financial past. For example, the bail bond professional may run a credit check to ensure that you are a trustworthy applicant. They will take a look at your credit score and payment history.

Finally, there are some factors you do have control over. For instance, you can choose if you give collateral as a guarantee that you will pay bail. Collateral can come in the form of personal property, including the deed to a house or a pink slip for a car. You will get the collateral back after the payments are made.

You Can Ask for Payment Plan

If you are unsure how to find a bail bond professional who offers payment plans, you can simply ask the bail bondsman if they offer financing. This can be a useful tool following an unexpected arrest. Be honest and realistic about how much you can afford as part of your payments to ensure that you have all the resources to pay the bond on time.

Are you ready to get yourself or a loved one out of jail? The next step is to call a bail bondsman. You may be able to set up a payment plan that helps you get through the next steps.