The bail bond industry is highly regulated in California, and this extends to the financial end of the business. Bail bond companies are limited in terms of how little or how much they can charge their clients for bail bond services. Typically, a bail bondsman will charge 10 percent of the total cost of the bond in California, although that number can drop to as low as eight percent with certain rebates.
But even though the pricing of bail bonds is strictly regulated, this doesn’t mean that financing a bail bond is simple. In fact, it can often be a very complex situation, especially since no one expects to need to come up with bail for a friend or family member. In many cases, people receive late night phone calls and need to come up with 24 hr bail bonds to help out someone in need. It’s far from the best situation for making sound financial decisions.
If you ever need to help someone get out of jail, understand that you have options when it comes to financing the bail bonds. Some people choose to pay money up-front for bail bond services. This is great if you have the up-front money to cover the charges. Other people choose to use a credit card for bonds. This is perhaps the simplest way to finance bail bonds if you have the room on your credit card.
If you don’t have the cash or the credit line, you still have options. Most bail bondsmen offer financing plans that let you pay for the bail bond services in installments. Make sure you ask questions if you go with the financing route, as you don’t want to be responsible for hidden fees for setting up a payment plan or get hit with a larger-than-expected interest rate.
There is no one right answer for paying for a bail bond, just an answer that’s right for you and your situation. If you need Woodland Hills bail bonds or bail bonds anywhere in Southern California, contact Escape Bail today. One of our agents will go through the various payment options available to help you decide which one is best for you.