A very common concern by people who have begun the process of hiring a Riverside bail bonds company relates to cost. On one hand, they want to get their loved one released from custody as fast as possible. On the other, they want to make sure they get the best deal possible on a bond.
People who begin their search online have likely found a lot of information about 10% bail bonds. If they have begun to drive around the neighborhood near the jail they may have come across signage that advertises deeply discounted rates. Can the cost to purchase a bond be haggled? What happens if you don’t have the ability to pay the bondsman’s fee up front, in full? Will they give you a discount if you pay in cash? These are all common questions.
Some clients will begin their search by trying to play two companies against each other. They will tell bondsman A that bondsman B is offering them X percent, and say if they can match or beat that quote they will sign right then and there. Unfortunately, this does little more than waste valuable time.
Many people are surprised to learn that the cost to purchase bail bonds are not set by individual company owners. They are not set city by city and they are not set based on the county the defendant was arrested in. The cost to purchase bail bonds is set according to state law and that rate is 10%. If your loved one has a bail of $20,000 you can expect to pay $2,000 to hire a bondsman. That fee is earned in full at the time the defendant is released from custody and it will not be refunded in part or in full regardless as to the outcome of the case.
Persons who have enrolled in a monthly payment plan will still need to continue to pay off the balance even if the case is dismissed, if charges are not filed or of the defendant is found to be innocent.
Some clients will still try to haggle a lower rate. Anyone who offers to sell discount bail bonds is breaking the law. That person is subject to fines, penalties, the loss of their bail license, criminal prosecution and even jail time. If they are asking you post collateral can you be 100% sure they will return it? If they are behaving unlawfully to get your business can you be sure they will uphold the law after the case is over? These are all important things to consider.
The good news is that if you are unable to pay the full fee all at once there are companies that provide clients flexible monthly payment plans. The terms and conditions of a payment plan will vary widely from company to company. One might require the balance be resolved within 12 months while their competitor can work with you based on your financial situation. Some only allow payments by cash while others accept Visa, MasterCard, Discover, American Express, debit cards, direct bank deposit or wire transfer. Company A might require a set percentage down while Company B will work with clients on a case by case basis. Bail bonds agencies that advertise “discount bail bonds” are often advertising the percentage they need down in order to approve someone for a payment plan. You will want to find someone who you feel is best able to help based on your individual situation.
The eligibility requirements will also vary from company to company but many will want to know about the health of your credit score. If you are unable to qualify on your own, don’t worry. The bondsman may simply ask if you can provide a second signer.