My son was arrested a few hours ago and his bail has been set at $20,000. Money is a little bit tight at the moment, and I wanted to know what the least amount of money I can put down on a bail bonds payment plan.
This question is much more common than you think, but unfortunately, there is no set answer to this question. When you speak with a bondsman they’ll ask you several questions about your employment, how long you’ve been with your job and whether you rent or own your home. They’ll also ask about your credit score. Do you have credit? Are all your accounts in good standing? Do you have any bankruptcies or delinquencies? If you have stable employment and good credit, you’ll be eligible for a much lower down payment than if your credit is shaky. In this case, you might still qualify for a low down payment if you’re able to provide an additional cosigner. For more information on how bail bonds payment plans work call our office now at 888-224-5266.
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