It turned out that a son, a wife, a wife or a close sister were arrested harshly, without worrying about the expenses. Getting an arrest is definitely not cheap. Along with the expensive costs of testing, bail bonds can also be very expensive. But there are ways to help alleviate some of the problems associated with payments. Here is a quick guide on how to qualify for guarantees and methods that can help alleviate the financial burden.
Know the costs
The state legislation determines the price that can be entrusted to the companies that provide guarantees, to their clients. For example, in the state of California, it is stipulated that the rate charged for the commitment must be set at exactly 10% of the total commitment amount, neither more nor less. Do not negotiate with the guarantors that offer discounts, or try to overcharge it. They break the law.
This fee can be paid in cash, major credit cards or money orders. Many guarantor relations agents demand all the money in advance, because this is the best way to guarantee that they receive money and do not lose money if the suspect is released on bail. But in certain situations, many supporters will use a long-term financing plan if the insured or the person signing the bond can prove financial stability.
Payment with a financing plan
If you can not pay the entire bond fee, ask if you can use the financing plan to pay the amount for several weeks or months. Depending on your financial history, you may qualify, and the business of the security relationship will allow this option. If you set up a payment plan, it is important to know that you do not need to pay any interest. The rate can not be increased for any reason, which, of course, includes the accumulation of interest in the long-term rate plan.
Factors that determine the financial validity
The two main factors that the bond business will analyze are ownership and credit history. If you are a homeowner, this shows that you are financially stable, that you can pay a security deposit and can provide a security deposit if the arrested person applies. The same can be said for people with good credit who pay their bills on time. They will have no problem finding a willing mortgage debtor and even getting a bail bonds orange county financing plan.