How To Bond Someone Out of Jail With No Money

Bail bonds are an aspect of life that most people do not think about until it is absolutely necessary. But once a person is arrested and sitting in a jail cell, low down payment bail bonds or even no down payment bail bonds suddenly becomes incredibly relevant.

No money bail bonds are an overlooked part of the bail system that can be helpful for a large number of people who find themselves, a friend, or a loved one, under arrest and charged with a crime. These bail bonds can help a person get out of jail with the least amount of personal or financial stress, and can help them get home where they can adequately seek proper legal representation.

If you have been searching the internet for bail bonds no money down, then you are in the right place. It's what you are looking for if you have very little to no cash on hand or credit cards to work with. Let's discuss the benefits and drawbacks of this type of bail. However, if you do have access to some cash or credit cards you might want to check out a bail bondsman that takes payments.

Bail Bonds with No Money Down

A no money down bail bond, often referred to as 0 down bail bonds, is a bail bond that does not require a person to pay anything up front to secure the bond. Most bail bonds involve a person paying a bail bondsman a certain percentage of the bond amount, before the bondsman posts the bond and the person is set free from jail. But some bail amounts are set very high or are otherwise not affordable to the average citizen. The incarcerated individual often does not have ten percent of the total bond amount sitting in their bank account at any one time.

The zero down bail bond is a way to alleviate this problem. The applicant submits their information to the bail bondsman and inquires if this type of bond is available. The bondsman may perform a credit check or review other background information to determine the worthiness of the person requesting the bond. This process is performed because getting someone out of jail with no money is in some ways a loan, and must be vetted like any loan from a traditional financial organization.

In many cases, a person also has to put up collateral in order to secure their loan or bond. If they satisfy the terms of the bail bondsman, that individual will then execute the bond which allows the defendant to be released from jail.

In the agreement for the bond, the bondsman and the person being released, and the individual signing for the bond (co-signer) will agree how to pay back the amount owed. The bondsman will sometimes charge a lump sum following appearance in court, or allow a person to pay back the amount over a period of time.

Benefits of 0 Down Bail Bonds

The clearest benefit of a no money down bail bond is the fact that the incarcerated person can get out of jail with the lowest amount of immediate financial liability. This bail bond gives them the chance to assess their financial situation and start to prepare their defense for the criminal case. They do not have to worry just yet about how exactly they will bring together the money needed to pay back the loan.

In addition, there are some people who would have otherwise been stuck in jail had it not been for this type of bond. Defendants can plan their defense at home with the direct help of their lawyer. The benefits to an immediate release from jail are numerous and they are a major reason why many people believe that the benefits of this type of bond vastly outweigh the costs of any additional interest payments.

Drawbacks

There are several drawbacks when you bail someone out of jail with no money. The greatest downside is the potentially higher fees that a person has to pay. In some instances, a person is charged a higher percentage of the total bond than they would be in a different scenario.

A bail bondsman may want to charge more because they have to go longer without collecting their fee, but are still liable to the court for your appearance. That time without their fee means they are out several hundred or thousands of dollars that they could otherwise use to help keep their operations going. The time value of money can lead to a person paying more over time.

Another downside is the greater financial liability that a person will owe if they end up not meeting the terms of their bail. Many bail bondsmen force a person to put up collateral in order to receive a no money down bail bond. Instead of simply losing money like they would if they had a traditional bail bond, a person who jumps bail with this type of bond can end up losing their car or home. If you decide that this type of bond is not right for you, check out this page on how to get a bond loan.

Final Thoughts

Anyone who is considering a bail bonds no money down should talk to their nearest reputable bail bondsman. They should work with a bonding company that has years of experience in the field and a close relationship with the local courts and police. Then, they should analyze their own financial situation relative to the amount of bail they would have to pay. A no down payment bail bonds can be the most effective tool possible at securing bail for a large number of people who are incarcerated.