What to Know About Bail Bonds Payment Plans

There is an average of over 12 million arrests made in the United States each year.

Finding yourself under arrest can be terrifying. Once in jail, the first thing on anyone’s mind is to get out. But the pathways to freedom and redemption can be daunting at best, and near impossible at worst.

Investing in a bail bond is a frequent practice that helps defendants get out of a cell and back out on the road to redemption. But bail bonds can be costly especially for those coming from a low-income situation.

It can be tough to afford bail, but that’s why bail bondsmen that offer payment plans are so popular. Before agreeing to a payment plan with a bondsman, it’s important that you know what they are and how they work. Read on, and we’ll cover everything you need to know about bail bond payment plans.

How Are Bonds Normally Paid For?

When a professional bail bondsman backs you up, it helps to secure a smaller amount in bail needed for your release. The reputation of the bondsman helps to sway the court in your favor.

In return for this aid in your release, a bondsman will charge a percentage of the bail bond as a service fee. Traditionally, it is 15%, but it can vary from bondsman to bondsman.

When it comes to paying bonds, there is more than one way to go about it. Money, of course, is always accepted as a form of payment. Some bail bondsman will also accept jewelry, vehicles, property and other forms of collateral that ensure you have the resources needed to pay. Documentation will be required in conjunction with collateral that is submitted.

This collateral then will be returned upon completion of the case and when all financial obligations are filled.

Bail Bonds Payment Plans

Even this smaller fee can be difficult to pay off for some individuals.

That’s why some bail bondsmen now offer payment plans to their clients. Payment plans can offset the difficulty of paying costly fees and can aid individuals who may not be as fortunate economically.

These payment plans may take the form of wire transfers, checks, credit cards, money orders, or related payment methods. Different bail bond companies will have different financing options. Each specific case will involve circumstances unique to them, which is why it’s important to discuss with a bail bondsman before signing anything.

Determining Down Payment

A number of factors go into determining what the proper down payment might be for a particular case. First and foremost, the bail amount quoted by the court will have the biggest impact on the size of each down payment.

The larger bail requested, the larger ones down payment will be. This is just logical. Judges decide bail amounts based on a variety of factors, and the bail requested will vary on a case by case basis.

But certain information about a defendant can also affect how much of a down payment they’ll need to provide each month. Proof from an individual that they can offer payment on time can affect the amount of payment itself.

One’s credit score, employment record, and living situation can all help to determine the down payment needed when establishing a bail bond payment plan.

Because exact costs and fees will vary from company to company, it’s important that you ask all the necessary questions up front. The down payment and further payments that will be required should be abundantly clear.

Co-Singers For Payment Plans

Credit can be very important in securing a bail bond and payment plan. Those with poor credit should consider having a family member or friend who has good credit co-sign to ease the process.

Co-signers are also typically required to meet a number of qualifications. A proper co-signer will have held the same job for at least twelve months, own an open checking account, and have a salary of at least $2,000 a month. Most bondsmen will also require co-signers to be at least 21 years of age.

Co-signers to a payment plan do not technically have to pay a bondsman anything, as long as the defendant they are co-signing for is able to pay their payments each cycle. It is a co-signer’s duty to hold the defendant responsible for their payments. They will be liable for payments not made by the individual they are co-signing with.

A co-signer’s responsibility doesn’t end with a payment– they are also responsible for ensuring the defendant shows up for their court dates and trial.

Other Payment Plan Information

It is crucial for individuals to remember that all individual payment plans are subject to approval. Approval may be determinant on a variety of factors and is not guaranteed for any party. Additional collateral also may still be required to protect the total amount of bail set by the court.

Prior arrests or charges made out of the country may prevent certain individuals from receiving low down payment rates.

Find The Right Payment Plan

In tough times, an arrest can be a financial burden that many can’t handle. The availability of a financial plan can help ease a difficult situation and make paying off your bail as easy as possible. Bail bonds payment plans are an important service that bondsmen can and are providing to help those in need out of a difficult situation.

Have more questions about bail bonds or payment plans? Feel free to contact us anytime for any information you may need.

Flexible Bail Bonds Payments – 5% Down

Having your loved one behind bar is stressful enough, let alone finding enough money to post bail so that your loved one can return home. With bills to pay and mouths to feed, you most likely don’t have the extra money lying around in order to post bail.

Here at Amistad Bail Bonds in Wake County, we understand that this is a difficult decision for you to have to choose between your financial obligations and allowing your loved one to return home with you. That is why we give you a second option. For as little as a 5% down payment on the bail, you will have the bail posted without having to make a tough financial decision.

Usually, the low down payment on any bail bond will depend on the amount that is set for bail. The bail amount often varies a bit from person to person depending on the crime you are suspected of, your previous history with the court system or previous arrests. Once you know the bail amount at hand, you can understand how affordable a bail bond down payment can be and how quickly it can return your loved one home without harming your financial security. Continue reading “Flexible Bail Bonds Payments – 5% Down”

2% Down Payments Plans in Raleigh, NC

Posting bail is important if you want a loved one returned to you from being arrested, but we at Amistad Bail Bonds know the type of difficult decision that is presented when you need to choose between financial obligations and having that person returned. Posting bail can be something of a financial burden, but with bail bonds, you do have another option. For as little as 2% down payment on the bail, you can have the bail posted in an affordable way, and we want to make this information available for all in Raleigh, North Carolina region who may be struggling with this choice even now.

The low down payment on a bail bond will typically depend on the amount the bail may be set at. Bail amounts will vary greatly depending on the crime a person is suspected to have committed, as well as their previous history with the court system or previous arrests. Depending on the bail amount at hand, a bail bond down payment can be very affordable, and it may surprise you that making the decision between getting your loved one home and continued financial security doesn’t have to be one that you need to make.

The recognized standard or average bail premium payment that a loved one may be expected to pay is around 15% of the total bail amount, but this isn’t universally the case. Down payments can vary somewhat depending on your level of approval, and we at Amistad Bail bonds can go as low as 2% for bonds between $1,000 and $10,000.  Some restrictions may apply such as no arrests due to failure to Appear (FTAs).

For bail amounts over $10,000 in Wake County North Carolina, we may even be able to offer a low down payment of 4% with flexible payment plans. All will definitely depend on the right cosigners involved and complete our approval process which does not include a credit check.

At Amistad Bail Bonds, we know how difficult it can be to be faced with the choice between getting a loved one back home and spending quite a bit of money. For this reason, we try to make our bail bond down payments flexible and affordable, so you won’t need to wrestle with these difficult situations any longer. If you have a loved one that has recently be placed in jail on suspicion of a crime, and you’d like to know more about our payment plans, simply contact us now at (919) 790-6887 or visit our local office at 421 Chapanoke Rd #114, Raleigh NC 27603.

3% Down on Large Bonds in Raleigh, NC

Are you or someone you know looking for a Bail Bondsman in Raleigh NC ? With many years of experience and a top notch team, There is not other bail bonds company that can offer what we can .

Large Bonds As Low As 3% Down!

Amistad Bail Bonds offers the lowest down payment plans in Raleigh North Carolina with rates as low as 3 percent down for large bonds over $10,000. All flexible payment plans are subject to approval with possible requirement of collateral. Other restrictions may apply.

2% Down Payment Plans

2% down payment plans are upon approval and for bonds $1,000 to $10,000 for Wake County only. This plan is NOT available for Off-Bonds, out of county charges, or Failure to Appears (FTAs). First payment must be paid within 7 days.

Finding a Bail Bonds Company that cares about its client like we do is rare. The fact is we do care and we will help you get through a very hard time for you and your family. Searching Bail Bonds Raleigh NC at anytime will get you right to us either on your phone or a computer.

Flashback in time –

The first modern bail bonds business in the US, the system by which a person pays a percentage of the court-specified bail amount to a professional bonds agent who puts up the cash as a guarantee that the person will appear in court, was established by Tom and Peter P. McDonough in San Francisco in 1898.[citation needed]