Setting Up A Bail Bond Payment Plan

An individual who has been arrested will typically have the opportunity to get out of jail by posting bail. The amount of this bail can vary based on the crime the individual has been charged with.

A lot of arrested individuals rely on friends and family members to come up with the money for their bail. Working with a bail bond company allows you to free your loved one while only paying a portion of the total bail amount. If you are unable to pay the reduced percentage in full, you may be able to set up a payment plan.

Gather your resources.

The first thing you should do when requesting a payment plan through a bail bond company is gather your resources. You will need to have some money to put down in order to qualify for the payment plan. You will also be asked to provide proof of your income, and you may be asked to submit to a credit check. Qualifying for a bail bond payment plan can be challenging, but many companies are willing to work with individuals who have the means to repay the bail fee in a timely manner.

Determine how much you can afford.

Once you have gathered all the information you will need to apply for a payment plan, you should evaluate your finances to determine how much money you can afford to pay toward the total bail fee each month. A payment plan shouldn't place undue financial hardship on you or your family, so you need to ensure that the monthly payment amount being offered to you is reasonable. This payment amount can vary based on the total bail fee, any interest being charged, and the terms of the payment plan.

Identify a reasonable payment schedule.

Knowing how much you can afford to pay toward a bail bond payment plan each month will help you determine the length of the payment plan. Many bail bond companies want their bail fees repaid as quickly as possible, so you shouldn't expect a lengthy repayment period. The terms of the repayment plan can vary from one bail bond company to another, so shop around until you find a bail bondsman willing to extend you a payment schedule that works with your personal finances.

Taking advantage of a bail bond payment plan can be an effective and affordable way to secure a loved one's release from jail. For more information, contact local professionals like those found at A Bail Now Bail Bonds, Inc.