If you are like most people, you have never been in a position where you’ve needed to hire an Encinitas bondsman before. The process can seem as foreign as it is scary. The good news is that when you work with a licensed professional the process of getting someone out of jail can be fast and easy.
If you have started your search on line you have likely discovered that the cost to purchase bail bonds in Encinitas will be 10% of the defendant’s total bail amount. That rate is set according to state law. No matter where in California a person is arrested the cost to hire a bondsman will be the same. Bail amounts in this state are among the highest in the nation. That 10% can still translate into thousands of dollars. What happens if you can’t pay the full amount up front? Will the defendant need to remain in custody until that happens?
The answer is no.
If you are unable to pay the bondsman in full you will want to find out if they can help you with a flexible monthly payment plan. Some companies provide this service while others will not. If they do offer payment plans you will want to get more information on the following points:
- What are the eligibility requirements?
- Is there a set percentage you will need to put down?
- If several people are chipping in on the down payment, can they run multiple credit cards?
- How long is the repayment term? Will it need to be paid in full within 12 months?
- Is there a minimum monthly payment or can they work with your budget?
- If your credit is shaky, can they help you if you are able to provide a second cosigner?
- Does the company charge interest or financing fees?
- Will they charge a penalty for early repayment of the balance?
All companies are required to charge the same rate but that is not to say that they all work in the same way. Encinitas bondsman A might have very strict guidelines when it comes to payment plans, while bondsman B can be more flexible and creative in terms of finding a solution that works within your budget. You will want to remember that a bail bonds agreement form is a legally binding document. You will want to make sure that you fully understand the company’s terms and conditions before you sign on the dotted line.
If you have additional questions about how bail bonds payment plans work be sure to ask the person who is helping you. Ask them to please explain the details fully so you can make an informed decision.