When you find yourself slapped with a bail amount that’s several thousand dollars, it can be hard to understand what your next options are. Do your friends and family have to come up with the cash to get you out of jail? Is a bail bond the right option for you? Should someone take out a personal loan to spring you until your trial?
With all of these potential payment options available, it can be confusing as to which is the best way to approach the situation. But, speaking from industry experience, we here at Brazoria County Bail Bonds can tell you this: a personal loan is your worst-case scenario for posting bail. Why? Read on to learn why bail bonds in Angleton give you a better chance at walking free, without the burden of a large sum of money hanging over your head:
What’s better and why?
Lets say, for the purpose of this example, that your bail is set at $25k. What this essentially means is that someone is going to have to pony up $25k on your behalf so that you can get out of jail before your court date. This can be done three ways, with varying consequences:
- Someone pays your bail: If your friends or family are fortunate enough to have $25k in savings, they can post your bail outright. The court will hold this money until your trial and it will be returned to the poster when you appropriately show up to court. If you skip town, that money is forfeit, accruing quite the personal loss for whomever posted your bail.
- Private loan: If you can’t come up with the $25k from someone posting your bond, a personal loan can be taken out. This process can take several days or even weeks to go through and when it finally does, you’re likely to be saddled with a high interest rate that must also be paid back. Even if bail is returned to the poster, they’ll still have to pay interest on the loan that they took out.
- Bail bonds: Again, if no one can come forth with $25k to get you out on bond, a bail bondsman can post bail for you. Generally, there is a certain overhead that comes with the bond that the bail bondsman will charge, but it’s generally minimal as compared to the bond. While the bond is outstanding, you’ll have to put up collateral for the amount being bonded, which can be repossessed if you skip town or don’t show up for your court date.
Every option comes with its pros and cons, but at the end of the day, bail bonds in Angleton are your best bet, since they have the lowest risk/reward ratio of the three options.
Rather than potentially forfeit personal funds or be stuck with a massive outstanding bank loan, bail bonds in Angleton represent a great way for people to get the money that they need, in a time that’s already extremely stressful.