People often call our office concerned that they will be required to pay for the full cost of bail bonds up front, in full, before their loved one can get out of jail. This more depends on the company you’re working with.
Just because one bondsman in Alameda County requires this does not mean it is an industry standard. Some companies allow their clients to pay the balance off over time. Some charge interest and financing fees, others do not. One agent may say they need you to put a set percentage down and have the bond paid for in full within a set period of time. Another may be more flexible and creative when it comes to finding something that works for your individual financial situation.
The most common question you will be asked when inquiring about a payment plan will relate to your credit score. Do you have credit cards, a car payment, student loans or a mortgage? Do you have any collections or delinquencies? Have you filed for bankruptcy in the past seven years? These are all things your bondsman will take into consideration when determining your eligibility for a bail bond payment plan. If you are not eligible on your own, they may ask if you are able to get a cosigner.
If you have questions about bail bonds financing call Adelante Bail Bonds now at 510-291-4169. Someone is available to help you 24-hours a day and consultations are always free.