I get it. Bail bonds are not exactly the sort of thing a person saves up for, like a summer vacation or a sporty motorcycle. More often than not, the need for a bail bond arises suddenly and unexpectedly. That is the reason so many people ask me about Tulsa bail bond financing.
The question is usually “Can I pay you some now and the rest later.” Sometimes, but not always, my answer is yes.
Before you consider bail bond financing, it is usually a good idea to consider other ways to scrape together money for a bail bond. Can you pay the entire amount now, and cut back your other expenses? Do you have a credit card? Do you have friends or family who could help, perhaps with a personal loan? Those are often better ways to finance a bail bond. Financing through a bail bond agent is the option of last resort. Here’s why.
Reasons to Avoid Bail Bond Financing
When you finance a bail bond, if you do not keep up your payments most bail bondsmen will revoke your bond. That means you will be out all the money you paid so far, and you will be back in jail – unless and until you can find another way to finance your bond.
It is easy to think in advance that you will keep up payments, but unexpected circumstances can arise. You could get laid off or miss work and lose wages. You could experience an unexpected medical bill or auto repair cost. Numerous circumstances could result in you not having enough money to pay a bail bond financing agreement.
With a credit card, you can usually make a minimum monthly payment and continue to float the debt – usually not much more than accumulated interest albeit at an onerous rate of interest. Bail bond financing through a bail bond company seldom allows those kinds of extensions. Either you make the payment or your bond gets revoked. And it is usually up to you to meet the bondsman and make a payment at the agreed time.
Why Consider Bail Bond Financing?
Okay, those are some reasons not to rely on a bail bondsman for bail bond financing. What if you do not have credit cards, you are a stable worker on a steady job and your social support network is just not able to help you with bail bond financing? That is when your Tulsa bail bondsman might help you.
Each situation is unique, so there is no standard formula that will tell you if you qualify for bail bond financing. Chances are, if you do not have access to consumer credit, you already have a lower credit score. Tulsa bail bondsmen often look at other indicators – usually things that indicate your stability and reliability. They are similar to the things a court might consider when setting bond.
Do you have community ties – such as a home, and family in the area? How long have you lived here? Are you a flight risk? Do you maintain steady employment, and how long have you been employed? Have you had previous problems with the law, and how did you resolve those problems?
Even if a Tulsa bail bondsman agrees to extend bail bond financing, in some cases you will be asked to provide collateral or have someone cosign your bail bond agreement.
This article explains some of the reasons you might not be offered bail bond financing, and reasons you should avoid bail bond financing if alternatives are available. But there are also good reasons to request bail bond financing, and take advantage of bail bond financing when it is available.
The best reasons to get bail bond financing is so you can get out of jail and get back to work. You need to maintain your income to pay for bail and to pay all the other legal costs that usually go with getting arrested. Freedom, albeit freedom limited by bail bond conditions, is always better than confinement. You will be better prepared mentally to deal with criminal charges outside of jail than you would be locked in a jail cell.
Call Now for Tulsa Bail Bond Financing Consultation
If you have no other means to pay for a bail bond, ask the bail bondsman at BadAss Bail Bonds about Tulsa bail bond financing options. The answer is not always yes, but the answer will always be respectful and considerate. Call today to find out BadAss Bail Bonds can help you get a bail bond in Tulsa. Call 918-932-2888.