How do I Qualify for a Bail Bond?

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Bail bonds are a very important feature for those who have been arrested. They can be expensive, but it can be invaluable if you are ever arrested. You would want to know that you qualified for this service to get you out of jail as soon as possible.

In the event that you or a loved one is arrested it is important to contact a bail bondsman as soon as possible. The state sets prices for these businesses so that individuals are all charged the same amount and not overcharged. Be careful if an agent offers you a discount or quotes you an amount over which the state law allows, they are running an illegal operation and it’s best to not deal with them at all. Bail bonds companies should try and work with you on financing or collateral as down payment as a way to start the bail bonds phoenix process.

The fee that a bail bonds agent charges can be paid for several different ways: cash, money transfer or credit cards. They will probably require the money up front so that they get their fees and ensure that their money isn’t lost on someone who decides to jump bail. However, some agents do offer terms for bail bonds financing occasionally. This is not the norm, but it is possible in some instances. If it is not feasible for you to pay the entire fee, discuss the possibility of paying with special financing. If you qualify and the business is in agreement they will set up a suitable payment plan. They should not charge you any interest and the fee cannot be increased on any basis.

There are two main things that a business will look at to determine if you qualify for their services, credit history and home ownership. Those who own a home prove that they are at least financially stable and can afford to pay the fees back. The home also acts as collateral if the arrestee chooses to skip out or not show up for their court date. Those who have a good credit rating demonstrate that they keep up with paying their bills in a timely fashion. There should be no problem with obtaining bail bonds service or even being able to finance the fees over a set amount of time.

There are some other factors that may be considered as well such as longevity of employment, arrest history, how long they have resided in the state and what type of crime they are being accused of.

It is pretty easy to figure out how much the final cost will be. This is partially due to the fact that the individual states set the fee limits and so the amounts cannot fluctuate at all. Once the amounts are set by a judge the business cannot make any changes to the fees or the price. This is a good thing as they cannot charge you any interest or run up unreasonable fees making it more difficult for you to pay.  The agents who handle this type of business want to earn their fees so they are very selective who they offer bail bonds to.