How to Get Emergency Cash For a Bail Bond

Emergency Cash For a Bail Bond

When we find ourselves arrested for a crime, we seek all available options so that we can gain freedom as early as possible. Fortunately, there is a means for us to be able to be released while the case’s court trials are still ongoing. Through bail, which is a small amount of money deemed by the court depending on the severity of the case, we can be set free on the grounds that we attend all court hearings. Find the ways to Get Emergency Cash For a Bail Bond here.

Employing a legal counselor to help change the bail bond type can be a great approach. However, there is no assurance, as the judge often sets bail according to the case or what the law provides and this can be deemed as fair in view of the case. During ordinary court working hours, the attorney can move toward the appointed authority in court or in chambers to advocate for individual security and clear up any miscommunication that may have occurred between a past legal advisor and the respondent.

The bail amount, however, can be set too high for our financial capacity. Bail bondsmen are third-party agents that exist to profit from posting bail of defendant clients. In exchange for posting bail, they ask for a fee that is usually around 10% of the bail amount. While comparatively lower than the original amount, this fee can still be too steep of a sum for others. Learn more about it at bobblockbailbonds.com/loans-financing/. Here are a few methods on how to obtain the emergency cash needed.

Before seeking external sources of money to pay off the fee, we can first look at our current assets to see if any of them can be liquidated immediately. Since bail must be set as soon as possible, it is important that we liquidate assets that do not take a long time to be sold. Properties such as land, housing, and cars might take a while to be liquidated. If you insist on using these assets, be sure to sell them right away so that more people can know of your asset postings. Since you are not available to process the paperwork for these assets, you must also ask for assistance from your relatives to do it for you.

If you do not have any assets to sell, you can now seek external sources of money. The most preferable source to loan money from is your relatives and friends. Not only are they more available, but you can also ask for flexibility on your payment terms. If you have unsold assets, you can use them as collateral for your relatives for them to be assured that you will be faithful in paying your loan.  Your success in being given a loan for your bail bond depends on your level of trust with them.

If you do not have any relatives or friends that are willing or capable of providing the loan for the bail bond, you can ask for help from other sources outside of your circle. There are several third-party agents that provide loans for clients with varying levels of interest and payment terms. The longer time for you to pay, the less money you must put out monthly, but you will be paying more money in total. If you have a stable source of income, you will most likely be approved of this loan provided that you submit all documents that they will require from you. Once approved of your loan, it will only take a short while before you are given the sum amount.

Cashing out your retirement funds can get you money to pay the bail bond. If you were employed, there’s usually a retirement plan where either you or the company commit to and put in a certain amount of money monthly or annually,  which you can cash out after retirement or withdraw in case of an emergency.  Cashing out this money, however, can still not be enough if you have little saved up. So, this is not a very reliable method unless you have a lot saved up. Besides, you could be messing up your retirement. Additionally, if you have a credit card, you can ask your relatives to use it and get a cash advance, which is a withdrawal of money from your credit card account. In that case, you’re using your charge card to place cash in your pocket. This can go a long way and even save you from paying loans that can attract a huge interest rate and end up costing you more money overall.

In the community, there are some non-profit associations that might chip in to assist you to get the cash you need instantly. This is a concept whereby individuals team up and form groups where they contribute money over a period of time and as soon as the money is sufficient, every individual takes turns in acquiring cash or getting a loan from the group account. Interest rates are way too low compared to other money lending organizations.  Keep in mind that joining a loaning group doesn’t mean you’ll be the preferred choice when it is time to get cash.

Additionally, you can ask your relatives or have them look for charitable associations that help individuals cover service charges, bail, or even give immediate financial support besides bail bonds. However, this may not be a very reliable option when you need immediate assistance.

Although bail bonds are considered expensive due to the large fee that bondsmen require, there are different sources of emergency money that the defendant can choose from so that he can post bail as soon as possible.  You should always look for more affordable options before you consider those that may cost you so much money in the long run. Perhaps the best place to start is to ask friends and family to suggest some of the ways you can raise bail bond money affordably, as some people can take advantage of your situation to charge you exorbitantly.

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