If you or someone you know is in jail and can’t afford bail, it can be a tough situation. When you need emergency cash to pay for a bail bond, you may have more options than you might think.

The average bail amount can often be anything between $200-$200,000 depending on the nature of the charge. In some cases, they can be even higher. Bail is usually quite expensive, and it can be challenging to use your savings to pay for a bail bond. Often, the average American does not have enough in their savings to cover the full cost of bail, so what happens next?

If you are struggling to come up with enough emergency cash to pay for a bail bond, take advantage of your available resources and check out these suggestions ahead.

What is a Bail Bond and How Do They Work?

A bail bond is a legal way for a defendant to pay to get out of jail until their court date. If the defendant is unable to afford the bail bond, they will remain in jail until their court date arrives and the judge is able to sentence them. In many cases, you can pay the full amount yourself, if the bond is small enough.

Some jails will accept credit cards or payment plans, but not all will. If your bail bond is higher than you can afford, you may need to resort to other available financial resources. Another tricky aspect of bail is the fact that you may not have your money on your person, as the jail will often confiscate items like your wallet and not allow you to access them. Another individual may need to assist you in this process by hiring a bail agent, otherwise known as a bail bondsman.

The cost of the bail is determined by the judge, or by a set precedent based on the crime. A bail bondsman will often take an additional 10% charge if they are used. A bail bond is often provided by a surety bond company, which is a type of insurance company that uses a bail bondsman to secure someone’s release from jail. A surety bond will guarantee that you will show up to trial if it is paid.

The person paying the bail bond is known as the principle, and they will pay the 10% cost of the bail bondsman. The principle must also pledge collateral if it is a surety bond, and it must have the same value as the remaining 90% of the bond price. Typically, most will use their home or vehicle as collateral.

What Will Happen During the Court Date?

If the bail has been paid, the defendant does not need to remain in jail, but they:

  1. Will Need to Attend the Court Date
  2. Must Keep the Conditions of the Bail

Bail conditions can often include daily and weekly reporting to a police station, as well as a curfew. Most bail conditions also include a promise to not bother any witnesses involved in the hearing or case. If the defendant fails to meet their bond conditions and does not show up to the court date, the bail money is forfeited, and the judge will issue a warrant for their arrest.

A few other things will happen in this scenario:

  1. If the defendant is recaptured by police, the bond may be returned once they are in secure custody.
  2. While the defendant may be returned to custody, it is still possible that the surety bond company will repossess the collateral of the principle. The bond company could sell the collateral to cover the costs.
  3. If you are not the defendant, you need to be careful and make sure that the defendant does not miss their court date and keeps the conditions of the bail. This can help you avoid collateral repossession from the surety bond company.

Most bond companies try to avoid repossession and will often work with you to locate the accused and return them to police custody to avoid this scenario.

What are Some Ways I Can Get Emergency Cash to Pay for a Bail Bond?

If you lack the emergency cash to pay for a bail bond, there are other ways to pay for bail. Some of the options you can consider are:

  • Asking Friends or Family to Cover the Bond
  • See if Your Location Offers a Payment Plan
  • Use a Credit Card if You Are Able to
  • Apply for a Title Loan!

Can a Title Loan Give Me Emergency Cash to Pay for a Bail Bond?

Bail can be expensive, but a title loan could be used to cover the cost of a bail bond. With a bail bond, you’ll only need to pay 10% of the total bond. But, you will need collateral for the final 90% of the bond, and if the defendant decides to skip the court date, you could lose the collateral. Consider this possibility before you agree to put up collateral for someone else’s bail bond.

Title loans can be a favorable option to cover those costs, or even help other additional fees in the legal process. If you need emergency cash to pay for a bail bond, consider a title loan!

How Much Cash Can I Get Through a Title Loan?

A title loan can allow borrowers from all different kinds of financial situations to apply for alternative funding. With a title loan, you are using your vehicle’s title as collateral for the loan. Collateral can allow you to secure funding without a strong history!

While your credit may be considered for the loan, your eligibility and loan amount are based on these two factors:

  1. The Value of Your Vehicle
  2. Your Income and Ability to Afford the Loan

Typically, a borrower of a title loan can receive anywhere between 25%-75% of their vehicle’s value! If you aren’t sure what your vehicle could be worth through a title loan, ChoiceCash Title Loans has an online resource you can take advantage of. This tool is an online title loan calculator  that allows candidates to input information about their car and receive a free title loan quote if their vehicle’s qualifies!1

Where Can I Apply for a Title Loan Online to Get Emergency Cash to Pay for a Bail Bond?

If you need emergency cash to pay for a bail bond, you don’t have time to waste. With loan options like ChoiceCash Title Loans, qualified borrowers can get their cash in as little as one business day!1

Find out if you and your income qualify today by visiting the website and filling out a short inquiry form. You can also take advantage of the loan agents standing by seven days a week by calling 855-914-2945! There are there for extended hours to answer any questions you have about title loans and your eligibility.