With millions of arrests happening in the United States each year, finding you or your loved ones under arrest and in jail can be a frightening experience. When you find yourself in this situation, the first thought is how to get out of jail. However, depending on the bail amount you’re facing, it can seem challenging to find a way to get out without having to go into financial debt or putting your home, boat, or jewelry up for collateral.
However, it doesn’t have to be that way when you work with a bail bond agent, especially at Future Bail Bonds. We’re able to offer payment plans. However, before you sign the agreement, it’s essential to understand how bail bond payment plans work and how to get started today.
How Do Bonds Get Paid?
When you or your loved ones are arrested, the next step they’ll ask is if you plan to pay the bond yourself. If you can’t pay it yourself or don’t want to have to shell out a high bail amount, you’ll be able to contact a professional bail bond agent to help back you up.
A bail bond acts as a contract between the inmate and the bondsman, where you agree to pay for them to be released from jail in exchange for their promise that they will appear at all of their hearings. When you ask for this type of help, the bondsman will charge a percentage of the bail bond as a fee for their services. This fee is usually around 10%, but it can be less depending on if you qualify for any special type of discount or savings.
While you can always pay this fee with cash, some bondsmen will require other forms of payment such as vehicles, property, or jewelry as collateral. However, at Future Bail Bonds, you never have to worry about putting collateral down with our bonds, as we don’t require it in order to obtain approval.
How Do Bail Bond Payment Plans Work?
The service fee for some people may still be too high for them to pay. For example, a 10% fee on $150,000 is still $15,000, which can be hard to finance or pay out of pocket. However, in this case, you may be able to work out a payment plan with the bondsman instead.
Bail bond payment plans are simply an agreement that lets you divide up your total fee into more manageable payments until it all adds up to what you owe. This means less of a strain on your monthly budget and more time to build some funds. It’s important to note that these payments will have a set term or an established timeframe.
These payment plans may look like sending cash, checks, wire transfers, credit cards, or any other acceptable payment options. However, depending on the bail bond company you choose, they may have different financing options. Each case is different because of the specific bail amount and the charges involved in the case, which is why it’s so important to contact a professional and start the process immediately.
How Is The Bail Bond Down Payment Determined?
The Bail Bond down payment is determined by a number of different factors. First, it depends on the bail amount set by the judge. The total payout you’re required to make is determined by your specific charges, your past criminal history, and if you’re considered a flight risk. The larger the bail that the judge requires, the higher your down payment will be for your bail bond since the fee is based on a percentage.
However, that’s not the only factor that’s considered when determining the amount of a down payment or the monthly payment you’ll need to make. In addition, you’ll need to supply some type of proof of your employment and monthly income to prove that you’ll be able to not only afford the monthly payment but that you have enough money to cover it.
Besides this factor, other things such as your living situation, credit score, and prior criminal history can be critical when creating a bail bond payment plan. When you choose Future Bail Bonds to work out a payment plan for your bail bond, we’ll sit down with you and go over the specifics of what you’d like to do. This also gives us time to explore any special discounts you may be eligible for, depending on your specific case. Unlike other companies that require hours of your time to get approval, our process only takes a few minutes.
What If I’m Not Approved For A Bail Bond?
If you’re in jail and you’re not able to get approved for a bail bond yourself due to factors such as no job or poor credit score, you’re not out of luck! You can still have a friend or family member help you out by co-signing to ensure you get approved. This ensures that you’re able to get out of jail quickly without having to wait a long period of time.
The best part is that co-signers on a payment plan do not have to pay anything out of pocket. Instead, the defendant will cover the monthly payments. However, if, for some reason, the defendant defaults on payments or does not show up for their court date, the co-signer will be responsible for those payments. This is why it’s essential to only sign for someone you feel comfortable vouching for or that you know will be able to keep up with the payments.
How Can I Get Approved For A Bail Bond Payment Plan?
If you’re ready to find the right bail bond payment plan, all you need to do is apply for it! You can contact us either on the phone or online for fast approval with bail bond payment plans in just a few minutes. Follow these steps to get your approval today.
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Contact Future Bail Bonds
If you’re ready to get started, you’ll want to first reach out to one of our qualified agents at Future Bail Bonds. We’re easy to reach, either by phone or e-mail, to get started with your quote today. Once you get in touch, we’ll help walk you through each step of the process to ensure you’re supported along the way. -
Ensure You Meet The Qualifications
There are a few factors that go into the approval process. You’ll want to make sure you meet the qualifications for approval to ensure a speedier approval process: - Be A California Resident: You must be a California resident to qualify for bail bond payment plans.
- Have No Current Bail Bonds: If you’re already on probation with another agency, we can’t help you get approved for new bail bond payment plans.
- Have A Job And Income: The last thing we need for approval is proof that you have a job and monthly income of at least $1,000
- Fill Out The Application Process
When we get in touch, we’ll collect all of the above information from you to get started. We’ll also need to know the charges, the jail in which you’re being held, and any other information that will help us identify the person who needs a bail bond. From there, we’ll process the information to get the approval you need for bail bond payment plans in just a few minutes. The best part is that you won’t need any type of credit check for your bail bonds most of the time, as your job serves as your credit. We even offer no money down bail bonds financing available for homeowners. -
Get Approval And Read Over The Payment Plan Info
Once approved, we’ll work with you to select the right payment plan and bail bond payment amount. We also let you know what type of restrictions may come with your agreement and how you can best prepare yourself for this arrangement. We’re here to work with your unique situation to ensure that you’re approved and that the bail bond payment plan agreement works with you. If you have any questions or concerns, we’re here to help. -
Sign The Contact And Get Out Of Jail!
Once all terms are agreed upon, we’ll work with you to get this squared away and signed off. Once the paperwork is signed, your bail bond payment plan agreement will officially go into effect. We’ll immediately get your bail paid off and help you get reconnected with the ones you love. So to ensure that you’re out of jail as quickly as possible, contact Future Bail Bonds today!
Get Started With Your Bail Bond Payment Plan Today!
If you or a loved one is in jail and needs bail bond payment plan assistance, we’re here to help you. We serve all of California and offer fast approval for those who qualify. If you meet the criteria listed above, make sure to contact us immediately so that we can get started with your application process right away! We’ll ensure that we find the right payment plan to fit your needs and get you out of jail in no time!