It is hard enough to find out that a loved one-son, daughter, spouse or sibling- has been arrested without having to think about the costs. Arresting him is certainly not easy. The bail bonds can also be very expensive, in addition to the high court costs. But there are ways to help in alleviating some of the payment challenges. Here’s a fast guide on how to apply for bail bonds and strategies that can help lighten the financial burden. I strongly suggest you to visit New Haven 24 hour bondsman to learn more about this.
Knew about the costs
State law sets the amount bail bond firms will charge their customers. For example , the State of California requires that the fee collected by a bail bondsman be set at precisely 10 percent of the total bail— no more and no less. Negotiate not with bail bondsmen offering deals or seeking to overcharge yourself. They break the Rule.
You can pay this fee through cash, most major credit cards, or money transfer. Many bail bond brokers want all the money up front, because it’s the safest way for them to make sure they get paid and don’t lose money when the suspect jumps bail. But in some cases, many bondholders may allow for a long-term funding plan if the compensator, or person signing for the bond, can prove financial stability.
Payment into a financing program
If you can’t afford to pay the whole bail charge up front, inquire about the alternative of using a payment program to pay the sum over several weeks or months. Depending on your financial history, you can qualify and that option will be allowed by the bail bonds company. If you’re setting up a payment plan it’s important to know you don’t have to pay interest. The fee can not be charged for any reason, which includes interest charges on a long-term payment plan, of course.
Factors suited to financial integrity
Home ownership and credit history are the two key considerations which a bail bond company should consider. When you’re a landlord, that means you ‘re financially secure, can afford to pay bail, and can have protection if the accused person flees. The same can be said for good credit persons who pay their bills on time. They’ll have no trouble locating a willing bail bondman and even getting a grant to fund bail bonds.