It’s a question not enough people are asking and one that’s very important to consider if you’re in the position to be taking out a bail bond anytime soon: “can criminal bail bonds in Angleton, TX affect my credit score?”
The answer to this question can be complicated, but it all boils down to how you handle the debt you’re saddled with. In many cases, you can walk away from a bail bonding experience with no impact at all to your credit score, while other times you might notice a minimal impact that quickly fades, while still more times you might notice that your credit score is drastically hindered. What differentiates outcome A from outcome B or C? Let’s take a look:
The best case scenario
The best way to make sure that your credit score remains completely unaffected by criminal bonds in Angleton, TX is to make sure that you take care of the debt immediately. For example, if you use your credit card to pay the bond premium and make sure to pay that credit card debt immediately, you’re not going to see any fluctuation in your credit score.
Credit card companies and the bureaus that assemble your credit scores are not going to care about where your money went—even if it’s to a bail bondsman—they’ll simply care about whether or not you’re able to pay that off or not. If you do, you’re in the clear!
A temporary problem
Sometimes, if you’re unable to deal with the debt that taking out a bail bond can have, you might notice a slight impact on your credit score, which will eventually fade into obscurity as soon as the debt is handled. For example, if you put the premium fee for a bail bond on your credit card and it increases your overall credit utilization, your score is going to drop temporarily, until you pay it off and your credit utilization drops back down again.
Again, the fact that the debt belongs to a bail bondsman has no bearing on your credit score—creditors will be looking at your credit utilization, making it important to pay off your credit card as soon as possible!
Lasting harm to your credit
Things start to get hairy when you default on your debt to a bail bondsman. For example, if your credit limit isn’t high enough to cover the bond and you’re forced to take out a loan or borrow money, and you’re not apt in paying that money back in a timely manner, you might be sent to collections. Being sent to collections is going to kill your credit and leave lasting impacts on your ability to manage your credit score.
The bottom line is this: when you take out criminal bonds in Angleton, TX, make sure you’re paying off the premium quickly. If you fail to do so in a timely manner or can’t pay it at all, your credit score is going to suffer heartily.