Learning About Finance and Money
3 Advantages Of Bail Bonds
Jordy De Pijper
If a friend or family member has recently been arrested, you are likely to be at a loss trying to figure out what happens next. If the arrest is for a relatively minor infraction, then you can expect -- barring exceptional circumstances -- to see them released soon. On the other hand, charges for more serious crimes can carry with them a substantial cash bail, which the arrested person may not be able to pay up front in its entirety. Thankfully, bail bonds are available to assist people in gaining their freedom as soon as possible. Take a look below at just a few of the major benefits of bail bonds.
Convenience
If you are committed to helping your friend or family member get out of prison soon but then choose to forego the option of getting a bail bond, then you are faced with only a few, difficult options. You may attempt to ask people for personal loans, but doing so can require time, delicacy, and can represent an emotional roller coaster. Getting a loan from a bank or other financial institution is also possible but may take even more time, in addition to denting your credit score. Bail bonds give you the cash you need immediately and with few questions asked, giving you the tools you need to grant your loved one freedom.
Flexible Repayment Plans
Perhaps the biggest reason people hesitate to get a bail bond is that they are worried about repaying it at a future date. Many people mistakenly assume that they will be forced to pay the amount in a lump sum. The reality is that the vast majority of bail bonds offices will create a payment plan that makes sense, no matter the circumstances. This way, you can repay the amount of the bail bond in monthly installments, making it easier on your wallet.
Additional Support
The process of posting bail can be a stressful one, and those who have been charged with a crime often feel as if they are without support. Fortunately, bail bond offices can work to give additional guidance and support when it comes to filling out legal forms and navigating the bureaucracy of the court system. Of course, it is also in their best interest that the accused show up for their scheduled court dates, and so they will also offer periodic reminders for any and all legal appointments.
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