How to Pay for a Bail Bond

How to Pay for a Bail BondWhen it comes to posting bail for a friend or loved one, most people don't have the funds in their budget. This is especially true when trying to pay the extremely high bail amounts that come with some charges, even though they are relatively minor in comparison to others. A bail bond can help alleviate some of the upfront costs of posting bail, as a bond is generally only 10 percent of the price of putting up the full bail amount. Still, that 10 percent can prove to be rather costly. When working with a trustworthy bail agent, they will generally give you a few options for paying for the bail bond, such as the following.

Cash Bail Bond

The simplest way to pay for a bail bond is to use cash. This will alleviate the burden of paying later and will ensure that your friend or relative is released in the quickest manner possible after the agency issues the bond.

Credit Card Bail Bond

Using a credit card is another viable option for paying for a bail bond. It is important that you understand your limits and what your monthly payments need to be to pay off the loan based on your existing credit limits and percentage rate.

Payment Plan

In some circumstances the bail bond agency will be able to work with you to create a payment plan that is more affordable than what a credit card may offer. Speak with the bail agent about your situation to find out what they can do for you specifically.

Collateral for Bail Bond

The use of collateral is an alternative option for paying. You can often trade items of value, such as property, vehicles or jewelry, against the value of the cash bond. If the bond is forfeited for any reason, the bail agency will have a right to take ownership of the item.

If you have questions about paying for a bail bond in Florida reach out to Steele Boys' Bail Bonds. Our team is committed to expert service by providing fast bail bonds. Give us a call at (850) 403-0214 to request more information or to post bail in Florida immediately.

Steele Boys' Bail Bonds Blog

Written and Published By MORBiZ

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