My husband and I live in Union City and our son was arrested and taken to the Santa Rita Jail two days ago. His bail was set at $50,000. We have been looking around on the Internet and it seems that all the local bail bonds companies charge 10%. The problem is that we just filed bankruptcy and don’t have $5,000. Our credit is shot and we no longer have charge cards. Is there someone who can help us with cheap bail bonds?
Most people are unaware that the fee that a Union City bail bondsman charges their clients is set by law. The bail industry is regulated by the Department of Insurance (DOI). The DOI has set that rate at 10% and any agent who charges more or less than that rate is subject to fines, penalties and criminal prosecution.
You may be able to work out a bail bonds payment plan as long as you have a signer who has good credit. Is there a friend or family member that would be willing to cosign? There are other companies that might waive the credit score requirement if you are able to put 50% or more toward the initial down payment.
All bail bonds are required to charge the same rate but each one works a little bit differently than the next. Just because company A isn’t able to help you that isn’t to say company B won’t be able to work with you. The most important thing is looking for someone who can help with your individual circumstance.
If you need help getting someone out of the Santa Rita Jail and have questions about bail bonds payment plans call 519-291-4169 now to speak with an expert local bondsman.