Paying for bail bond services for a friend or family member is an unexpected expense. Not everyone has the type of financial resources needed to pay for a bail bond. But this doesn’t mean that they can’t help get their loved one out of jail quickly. This problem can be solved by relying on bail bond financing to afford the services of a reputable bail bondsman.
In a perfect world, you would have the money to pay for 24 hour bail bonds for someone who has been arrested in the middle of the night. If reality — and your checkbook — tell a different story, most top bail bond agencies will offer you the ability to finance their services. Much like with other purchases or services, you can expect to pay some money upfront and reach an agreement to make payments over a set period of time until the financing is paid off.
Bail bond financing is essentially a loan offered by the bondsman as a convenience to help you out in a time of need. Make sure that you are very familiar and comfortable with the terms of the financing before you sign any agreement. You might expect to pay a certain amount of interest to a Malibu bail bonds provider in exchange for the work that goes into securing financing. But if you feel that you are paying an excessively high interest rate or fees, you might want to consider other options.
Just like with other forms of financing, your credit history, current financial situation and other factors will play a role in determining if you qualify. Even if you don’t qualify, options such as using a credit card are available. While paying the necessary 10 percent to a bondsman upfront is always the best bet, financing options can make sense to get you — and someone you love — out of a tight spot.