Is a Bail Bond Right For Your Situation?
Every person is unique and every person is valued. Every situation is different. Sometimes, people can not afford bail for one reason or another. One may think this is an automatic sentence to spend time behind bars until the court date. However, there is yet another option.
Bail bonds are a great way to avoid prison. In this video, you will learn why bail bonds might be a good option for you.
Bail bonds work by having the bond agency pay your cash collateral for you. This is a great fit for many people who don’t have enough liquidity to pay the cash. Even so, interest rates on bail bonds are normally around 10%. This could be an issue if you don’t have a job to pay off this debt. Paying off the debt should be your number one priority from a financial standpoint. Otherwise, it keeps getting more expensive.
If you don’t have the means to reasonably pay off your interest. Consider a property bond. Property bonds use your homme as collateral to encourage people to show up to their trial. The benefit of this option is that you don’t have to pay interest. The drawback is that you could lose your house.