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Paying the total price of a bail bond upfront can be prohibitively expensive for some people. That’s because bail bonds are proportional to the bail set by the court. For example, a bail bond for $100,000 bail could cost $10,000.
Fortunately, Future Bail Bonds lets you get a bail bond now and pay later. This service spreads the cost of the bail bond over several months instead of having to pay the full cost upfront. This way, you can bust yourself or a loved one out of jail until their court date for less money than you might think.
How Do Bail Now, Pay Later Plans Work?
When a defendant goes to jail, law enforcement may agree to release them on bail. Traditionally, the defendant would pay the total cost of the bail to secure their freedom. The court would then return the money if they showed up to their trial.
Unfortunately, bail amounts in California are too high for most defendants to pay out of pocket. Bails can be $20,000, $50,000, or $200,000, depending on the severity of the alleged offenses.
Bail bonds reduce the cost significantly. Defendants or their co-signers pay a non-returnable fee to bondsmen. They then pay the full cost of the bail on their behalf.
Unfortunately, this cost reduction still isn’t sufficient for some defendants. Finding thousands of dollars at short notice isn’t easy.
That’s where bail now, pay later plans can help. Here, you take out a finance agreement with the bail bond company. They agree to loan you the bail bond fee, and you promise to pay them back in installments over the following months. It’s similar to a car loan.
Who Qualifies For Bail Now, Pay Later Deals?
Bail-now-pay-later deals increase the risk for the bail bond company. Therefore, they do not guarantee approval. To qualify, Defendants or co-signers need to show:
- They have a history of steady, reliable employment or income
- The defendant didn’t skip their court date in the past
- They have friends and relatives in the community (so-called “community ties”)
Bail bond companies will usually agree to a bail now, pay later arrangement if your financial history shows there is no reason you or the defendant would skip the bail bond payments or court appearance date. Therefore, law enforcement could release the defendant without the need to hand any money over upfront.
How To Manage A Bail Now, Pay Later Plan
Managing a bail now, pay later plan is simple. It’s a way of getting yourself or a loved one out of jail fast so they can return to normal life, reducing stress, worry, and anxiety.
Good bail bondsmen tailor bail bond financing to your personal circumstances and financial situation. With these, you can arrange weekly or monthly payments, depending on your needs and requirements. You can also pay by credit or debit card, or make simple, predictable online payments, directly from your account.
Many defendants and co-signers prefer to pay off debts before the arrival of their trial dates. However, this approach isn’t always necessary. You can schedule to meet some of your obligations even after the defendant’s court appearance.
Short agreements usually offer 0% interest. That means you don’t pay any additional fees on a bail now, pay later plan. Longer terms may charge interest.
You may also benefit from hybrid agreements. Here, you pay the portion of the bail bond you can afford upfront and the rest on credit. This way, you can reduce the size of the loan and make it more manageable.
Why Choose Future Bail Bonds For Bail Now, Pay Later?
Future Bail Bonds offers 0% interest financing on bail bond services in California on most low-risk cases. This arrangement means you don’t pay any extra fees over the life of the bail bond financing agreement. You pay the same as someone paying for their bail bond in cash upfront.
We offer fast, easy payment plans. You can get bail bond approval over the phone in minutes or in-person at any of our southern California offices. Our team can provide approvals in minutes, and our staff speaks English or Spanish, depending on your needs. Same-day bail bond approvals are guaranteed.
Most cases do not require collateral. Therefore, you do not need to risk your home or assets when you sign a bail now, pay later agreement.
Call our bi-lingual assistants today to apply for a bail bond now and pay later deal.