NO-INTEREST BAIL FINANCING
For many families, the standard 10% of the bail amount presents a financial challenge.
Some clients either don’t have a credit card or a large enough credit line to pay the bail bond fee. Remedy Bail Bonds offers payment plan options to clients, with zero interest on bail payments and as low as 1% down.
You don’t have to have a perfect credit to qualify for a payment plan. Generally, you need to have credit and use it responsibly. Several factors come into play for determining a payment plan: length of residency, employment and arrest history, ability to make payments and other factors.
REAL ESTATE LIENS AND COLLATERAL BONDS
When collateral is required for a bail bond, it is most often taken in the form of a real estate lien on California property. Generally, owners of the property must sign the lien and the property should have equity.
Clients often use a real estate lien when the bail is a high-dollar amount – $100,000 or more. It may also be necessary if the person has one or more high-risk factors: few ties to the community, short work history, or other such extenuating circumstances.
The law requires the bail bond company to return all collateral and release all liens when the defendant’s case is completed. It is advisable to contact your bail agent as soon as possible to arrange for release of the lien. The bondsman will release the lien anyway once notified of completion of the case by the court, but often courts are slow to move on notification. When someone puts up their home, they don’t want a lien any longer than necessary.