Getting arrested in Dallas is no walk in the park. Not only do you have to go through a sometimes-harrowing processing experience, but you face having to pay for bail unless you want to wait in Dallas county jail for days on end.
Though bail bonds offer a more affordable way to get out of jail, fast, the costs can still take a major toll on your finances. Sometimes, even $500 can leave a household in a financial bind.
Fortunately, there are several ways to save money when paying your bail amount. Join us as we explore how you can lower bail bond costs against your bail amount.
Installment Payment Plans
Sometimes it’s a struggle to afford the full cost of bail. Fortunately, some Dallas bail bond companies like ours, offer installment payment plans that can make posting bail more financially feasible.
However, it’s important to note that payment plans are not always guaranteed. When considering an applicant for an installment plan, bondsmen must put on their lending cap and evaluate several critical eligibility factors.
Key factors that bondsmen weigh during the installment payment approval process include the applicant’s credit score, length of local residency, employment history, and arrest record.
If an applicant doesn’t meet these requirements, they may still be able to secure an installment plan by having someone with stronger financial standing cosign the bail bond and demonstrate the necessary responsibility for this type of loan arrangement.
Remote Paperwork Filing
If your loved one is out of state when they are arrested, you may think you have to jump on the first plane to where they are to post bail. The cost to bail someone out of jail may be expensive enough, and adding last-minute flights is often double the cost of a regular ticket.
Fortunately, you don’t have to catch that red eye flight to help out! Contact a bail bond company in the area and see if you can file the paperwork remotely. If you can process everything online or via fax, you can save money while getting the bail process started. If you still need to fly out to them, you can book a later flight for a better price.
Attorney to Lower Bail Amount
Call a defense attorney. Your loved one will need legal representation. Even if they are using a public defender, you may be able to approach the attorney and request that they seek a lower bail amount. When bail is reduced, so is the amount needed for a bail bond.
Use Cash Back Credit Cards
If you use a credit card to pay for the bail bond fee, make sure you use one that offers you a cash-back option. It may not be a large amount that you get back, but anything you get back on your purchase is better than nothing.
If you are going to open a new credit card to cover this expense, look for ones that provide a statement credit for purchases made within the first 30 or 60 days of opening the card. Many companies will give a large credit if you spend a certain amount within this initial time period. Since the bail bond could be a few hundred dollars, you can easily earn this statement bonus which will help offset the expense.
Sell or Pawn Items of Value
One of the most overlooked ways to help raise money for a bail bond is to go to the pawn shop with old gold or jewelry. Even if the jewelry is broken, you can get scrap prices for the gold. You will have the option of selling these pieces outright or getting a loan against them. The interest rates are much lower than your typical credit card, so it may be better than charging the bond.
Even it you want to avoid pawnshops, you can resort to marketplace sites like OfferUp, Facebook Marketplace. If selling your valuables is the route you want to take, now is the time to take advantage of the opportunity. According to NewsNation, gold and silver prices are hitting record-highs.
With gold selling at $2,328 per ounce and silver at $27.57, we say why not make some money while the iron is hot!
Work With a Reputable Bail Bond Agency
If you find that you need a bail bond and are not sure how the process works or how to pay for the service, speak with our Dallas bail bonds company. At 1st Call Bail Bonds, We have the knowledge and experience to help you get a bail bond for your loved one. We understand the issues you are facing and are here to help. Contact us today for 24/7 service.
