Bail Bond Payment Plans and How They Work

Bail bond payment plans are a way to help you out of jail with little to no money down. So how do bail bond payment plans work? If you are you the co-signor or defendant, and find that you don’t have the entire 10% to pay the bail bond fee, …

Bail bond payment plans are a way to help you out of jail with little to no money down. So how do bail bond payment plans work? If you are you the co-signor or defendant, and find that you don’t have the entire 10% to pay the bail bond fee, most reputable bail bonds companies offer a way to get bail via an in-house bail loan program.

How Do Bail Bond Payment Plans Work?

The answer depends on if bail financing is allowed in your state and if the bondsman you’re working with will allow payments. The first thing you want to find out, even before telling the bondsman about the defendant, is asking if they will do bail bonds financing.

If you hire the bondsman and they drive out to the jail or your home to do the paperwork and don’t have the entire fee to pay them, and then ask if they will finance, oftentimes they’ll say no. You must be upfront with your bondsman as there is a lot of trust riding on this bond.

If you’ve seen our bail bond calculator, you can get a great estimate on the costs of the bond. Knowing up front what to pay is just the first hurdle for some families. Paying the bond is the bigger task. Simply ask your bondsman if they will do financing, if yes then start the paperwork and know that bail bond payment plans must be honored.

Your required down payment on the bond and your monthly bail loan payments will be based on several things including:

  • The initial bail bond amount
  • Your credit
  • Your employment history
  • Whether you own or rent your home
  • If allowed by state, any collateral accepted

All bail bonds companies are required to charge the same rates but that doesn’t mean that each one is like the next. Be sure to ask lots of questions before you sign any paperwork. You’ll want to know if they charge interest or finance fees, how long you’ll have to pay the bail bonds fees off and if there will be any penalty if you pay off the bond fees early.

Now that you have your bail bond loan in place, you’re able to pay off the balance of the bond over time. This allows the defendant to be out on bail and back to getting life back in order. This is also a time they can work to repay the bail bond loan.

About the author

Nick Judelson is a veteran bail bondsman who helps to show cosignors and defendants how to calculate bail and how bail bonds work throughout the United States.