Financial Options for Getting Out of Jail Quickly

An arrest can be an expensive circumstance in a number of ways. It takes a dire toll on your personal and professional life. It also hits your pocketbook and leaves you short of cash.

When you cannot afford to pay for your own bail or bond, you need to figure out a way to raise the cash without going bankrupt. By taking out a bank loan, short term payday advance, or using 24 hour bail bonds beaver county pa defendants like you might get the money you need to pay for your release before your court date.

Discovering the Types of Bonds

Bail bonds come in several forms, all of which have their own set of legal terms and responsibilities. For example, a cash bond may be the simplest form. A judge may call for a cash bond for defendants who have committed and been arrested for relatively minor crimes like a first-time DUI or shoplifting.

For a cash bond, you typically do not need to put up any type of collateral. Your signature may be all that is needed to secure the money needed for your release. In most cases, a cash bond is 10 percent of the required bail amount. You are expected to pay it back in either a lump sum payment or in monthly installments. If you do not pay it back, you could be arrested again and put in jail.

A surety bond is more complex and requires the use of a third- party to underwrite the bond amount. You typically must have good credit to get a surety bond. This type of bond is required for more serious crimes like assault or rape.

Even with underwriting, the surety bond agent may also require you to put up collateral like a house or car to secure the amount needed for your release. If you do not have good credit, you might need a cosigner who will agree to make payments if you default on the obligation. You can learn more about these types of bonds and others on the company's website.



Geek Upd8 - Law Reporter: Financial Options for Getting Out of Jail Quickly
Financial Options for Getting Out of Jail Quickly
An arrest can be an expensive circumstance in a number of ways. It takes a dire toll on your personal and professional life. It also hits your pocketbook and leaves you short of cash.
Geek Upd8 - Law Reporter
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