How to Pay for a Bail Bond in Indiana

Bail Bonds Indianapolis 317-876-9600

Bail Bonds Indianapolis 317-876-9600

It is understandably distressing to hear that a friend or loved one has been arrested. Not only is it emotionally upsetting, it can present unexpected financial burdens as well. After an arrest, one can expect to take on a moderate amount of expenses for their defense. Trial costs, lawyer fees, missed work, and bail bonds can all add up quickly on a personal bill. Although this all sounds disastrous, there are ways to overcome the tribulations of legal debt following an arrest. Continue reading to learn how to
pay for bail bonds in Indiana.

Identify the Indiana Bail Bond Cost Limitations

In every state, the cost of a bail bond is regulated by its local governments. This structured cost should be constant throughout the entire state; not costing anymore or any less, at any company. Knowing this can protect you from being over-charged or taken advantage of by a dishonest bondsman. In Indiana, a bail bond agency cannot charge more than 10 to 15 percent of the total bond amount. For example, if a person’s bond amount is $5000, a bail bondsman cannot charge less than $500 or more than $750 for any client.

A person’s bond amount can differ depending on their current charges and criminal history. This is why the bail bond fee is mandated by percentages; because the degree of risk is different from case to case, and for each bail bondsman. A bail bond can be paid with credit card, cash, or money transfer in most cases. This detail can vary among bail agencies because it is more of a personal preference for a company.

Have Solid Credit and Employment History

Having a solid credit and employment history gives a person an advantage at a bail agency. This is because they bail bondsman will see them as “less of a risk” because they have a sturdy and responsible existence. Steady employment shows a bail agency that a person is dependable and retains a stable income. This means they are good for money. Good credit shows that a person pays their bills and doesn’t have a problem accumulating debt.

Presenting these qualities to a bail bondsman can persuade them to charge the 10%, rather than the full 15%, because they identify you as a low-risk undertake. With more severe arrest charges, this still may not be possible. It depends on the company and their guiding principles.

Choose Financing Plans for High-Priced Bonds

If paying a lump sum is too much, some bail agencies are willing to offer financing; especially if a person meets the above criteria. Financing can eliminate the stress behind the thought of emptying a bank account to pay for bail. Although most bail bond companies claim to not offer financing, in some cases, they may make an exception. If they cannot offer you a payment plan, they can certainly give you advice and tips on how to obtain extra cash for bail in Indiana. You never know until you ask!

Indiana Bail Bonds

Jim Woods Bail Bonds Indianapolis Indiana 317-876-9890

Jim Woods Bail Bonds Indianapolis Indiana 317-876-9890

Woods Bail Bonds can help you figure out a payment plan to get your friend or loved one out of jail in Indiana right now! Just call Jim Woods, and his team of friendly bail bond agents, at 317-876-9890 any time. We provide bail services 24 hours a day and 7 days a week. Our bail bondsmen are fully licensed, with more than 30 years of experience in the indemnity industry. We work hard and around the clock to ensure a positive and speedy release from jail. Call 317-876-9890 to speak with a friendly and knowledgeable bail bondsman about how to pay for a bail bond in Indiana.

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