Our son was arrested yesterday and his bail bonds were set at $100,000.  My wife and I are working to set up a payment plan for the bondsman’s fee but we’re wondering whether we should expect to pay any interest or finance fees on our balance.

You’ll want to be sure to ask the bondsman as many questions as you can about the terms and conditions of the payment plan, how long you have to pay off the balance, whether you’ll be assessed any financial penalties if you pay it off early, and of course, whether you are going to be charged interest. When you get the bail bonds paperwork, read everything before you sign it to make sure that the bail bonds contract lines up with what you agreed to.   Although most California bail bonds companies do not charge interest or finance fees, there are some that do.  Be sure to know exactly what you’re agreeing to before you sign the bail documents.

Photo credit:  Fotolia