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Paying a Bail Bond

How Can I Pay for Bail?

Paying for bail can be very intimidating. After all, for even minor offenses, people sometimes have to pay $1000 or $2000 to get out of jail before their court date comes around. Not everybody is going to have this kind of money, but you can get bail with the assistance of a bail bondsman. A bail bondsman allows you to get your bail posted for a percentage of the total amount required. This percentage will generally be between 10% and 20% of the total money you need to post bail, so you’ll have to figure out how you’re going to pay that much. There are some convenient options here.

Payment Methods

Most bail bondsman will take any major payment method that you would use to pay for anything else. In fact, many of them are set up online, so you can actually pay as you would at any online store.

Many people will simply not have enough money to pay the percentage due to get the person out of jail. If this is the case, the bail bondsman may offer you other options that make it possible for you to afford the sum required.

They may, for instance, allow you to pay part of the percentage due and to put up collateral for the rest. In some cases, if they consider you to be a high risk, they may require collateral anyway. The bail bondsman will have to look at anything you are proposing to put up as collateral before they’ll accept it.

What Works for Collateral?

The usual valuable items will serve as collateral, in the vast majority of cases. For instance, your car, your house, or other collateral may be accepted by the bail bond agent. You may also be able to put items such as precious metals and jewelry up as collateral, depending upon the bail bond company you’re working with.

Remember that the entire point of collateral is to provide the ownership of something valuable in the event that someone doesn’t meet their financial obligations. Because of this, you will have to make certain that anything you want to offer as collateral really does have cash value. Ultimately, it will be up to the bail bond agent company to determine whether what you want to offer as collateral is acceptable.

Bail bond companies are generally willing to work with people who may have to be a little bit creative in figuring out how they are going to pay for the bail bond.