Answers To Common Questions About Bail Bonding Services

Being arrested is an unpleasant experience for anyone to go through, but it is a fact of life that many people will find themselves facing this problem. When this is the case, it is important to understand that a bondsman may be able to help you post the required bail. However, many people have limited experience and knowledge when it concerns these services. By learning the answers to a few basic but common questions, you will be better prepared to use a bail bonding service.

What If You Do Not Have The Full Bonding Fee?

In order to issue the bail bond, these services will require individuals to pay the bonding fee. This fee is calculated as a percentage of the total bail amount. While many bail bondsmen require this fee to be paid entirely upfront, many individuals may not have this money readily available. Fortunately, it is often possible to find a bondsman that will work out a payment plan. Under these plans, you will have to make each payment on time or the bond will be revoked.

Will You Get The Bonding Fee Back At The End Of The Trial?

There is a common mistake on the part of some first-time bonding clients in that they assume the bonding fee will be returned to them at the end of the trial. However, this fee is for the bondsman to retain for issuing the bond. In instances where collateral was required, this will be returned at the conclusion of the trial.

Why Will It Take Hours For The Defendant To Be Released After Paying The Bondsman?

Once the bondsman has been paid, it may still be several hours before the jail processes the bond and releases the defendant. This is often due to the staff of the jail being overworked. During particularly busy times at the jail, there may only be a couple of staff members processing bail postings. While it may be frustrating having to wait for the defendant to be released, it is an unfortunate fact that there is often little that can be done to expedite this process.

Using a bail bonding service can be the best option for those that are needing help posting their bail. By understanding that some bondsman will work with clients to make a payment plan for the bonding fee, that this fee will not be returned at the conclusion of the trial, and that there is little that can be done to speed up the jail’s processing of bail postings, you will be better prepared for what to expect when using these services.

For more information, contact local professionals like All Night & Day Bailbonds.

Peer-to-Peer Lending: Saving the Day and Reducing the Debt in Financial Crises

Are you in need of a personal loan? Perhaps you have a number of issues that are preventing you from getting a traditional loan through a bank. You may have also exhausted your means of getting small loans from friends and family. These are common obstacles that many people today face, and even if your needs and ability to acquire a loan are different than other people’s, do not feel as though you will not be able to get a loan. Peer-to-peer lending could be a loan option for you.

You are being extended offers for secured loans, but you need an unsecured loan.

Sometimes people lack sufficient credit to qualify for unsecured loans, or they may have issues obtaining unsecured credit due to derogatory information on their credit reports. This can pose an issue when an emergency loan is needed for an inconvenience such as vehicle repairs, especially if the collateral needed to secure the loan is your vehicle.

You desire the option to repay the loan without penalties.

There are some loan options that are designed to ensure that lenders make exorbitant amounts of money from borrowers. This may come in the form of fees or penalties. For example, you might be penalized for repaying a loan before it matures. Regardless of where you get a loan, always review penalties and fees before accepting an offer.

Keep in mind that many peer-to-peer lenders have diversified portfolios that consist of many small investment loans, and your loan would likely represent a fraction of the contributing investors’ portfolios. This is one way they are able to combine their resources and extend flexible and attractive loan agreements that may not include fees and penalties. Some peer-to-peer lenders may even offer loan matching, which means that they will negotiate and possibly match offers extended to you from elsewhere. 

You want to consolidate your credit card debt, but you are having issues getting a new card with a high credit limit. 

If you have credit card debt, your high balances may be interfering with your qualifying for a new credit card to be used for debt consolidation. Peer-to-peer lending could benefit you if you can acquire a better APR. Keep in mind that consolidating the credit card debt through a loan will mean that you should only use your cards for emergencies and only charge what you can afford to pay off each month. This is because consolidation will do little for improving your finances if you accumulate the debt back on the cards. 

You are leery about hard inquiries and being turned down for a loan at local lending institutions.

You may not want anyone in your local area to know about your financial issues. Many peer-to-peer transactions can be completed online, and your loan information will be confidential. Some peer-to-peer lenders may perform soft credit inquiries, which will not impact an already suffering score.

For more information, talk to companies like Crossroads Investment Lending