Payment Plans Offered by a 24 Hour Bail Bondsman in Hyattsville MD
- August 19, 2019
Posting bail for yourself or a loved one can take hours or a few minutes depending on the chosen 24 Hour Bail Bondsman in Hyattsville MD. The time difference is due to the processes and percentages of the bond required by individual agencies. The reputation of the agency is also a contributing factor in the amount of the bail set by the judge.
The most prohibitive component of a quick bail bond being posted is cost. The standard percentage required by agencies is ten to fifteen percent of the total amount of the bail. Bail set at five-thousand dollars, for example, will require a down payment of seven-hundred and fifty dollars at fifteen percent, which is more than the average working person can afford with little to no notice.
Gathering that much money may take the arrested individual or a family member several hours. Help will be needed by friends and family to collect the total, leaving the accused in jail overnight or for a day or two. To alleviate the immediate financial burden, some agencies accept lower percentages, such as one to five percent of the bail amount which translates to one-hundred and fifty dollars at three percent.
Credit cards, wire transfers, and personal checks are accepted by experienced agencies or an independent 24 Hour Bail Bondsman in Hyattsville MD, such as Pantazes Bail Bonds Agency Inc. Collateral can also be accepted instead of cash. This must be something of value like jewelry, art, a vehicle, or a house. Keep in mind that if the person does not appear in court the item will have to be surrendered to cover the full bail cost.
Making monthly payments to a bail bond agency is another option if the amount needed is a financial hardship. Most are offered in-house and are interest-free. The important factor for this option is to fully understand the terms and fees associated with the financing.
Explore some of these options when cash is unavailable to get yourself or a family member out of jail quickly. Not all agencies offer diverse options, so ask questions and learn the minimum qualifications needed to take advantage of a lesser percentage, payment plans, and payment methods that provide alternatives to coming up with cash at two in the morning.