How Do You Qualify For Bail Bonds Financing?
It used to be that bail bonds were paid for in advance of a defendant being released from jail on bond. While the best way to obtain a bail bond is by paying your 10% to the bondsman up-front, financing bail bonds has become more and more commonplace.
As in so many financing situations, buyer beware. If you finance a bail bond, you may simply be getting a loan – a loan that comes with a high financing price tag. If you do need to finance a bond, you will want to look for a bondsman who does not charge interest or additional fees for this service. Check the fine print.
With our bail bonds company, in order to qualify for a bail bond payment plan you’ll need to have good credit, and/or own a home. You will also need to have the means to make agreed upon payments. It’s really that simple.
If you don’t fit into these categories, then may we suggest you ask a friend or family member to cosign for you. We’ll need to know the length of time you have lived in California, current employment situation, your credit rating. Yes, we will check your credit. We’ll be as creative and flexible as we can to help you in this situation.
When you call us about financing options, we can provide an answer within minutes about qualification acceptance. We know that every situation is unique and we are committed to resolving your special circumstances within our capabilities.
On a final note, remember that if you finance your bail bond, you will need to pay off the bond regardless of what happens with the case. When a bondsman posts a bond with the jail and the defendant is release, the bondsman’s fee is earned – even if no charges are filed, the case is dropped, the defendant pleads guilty, etc.