Understanding Loans for Bail Bonds
In order to understand loans for bail bonds, it is first important to understand how bail bonds work. When an individual is arrested for a crime, they will be detained and taken into custody. From there, the individual is “booked”, meaning they are fingerprinted and photographed, and the individual may decide to hire a lawyer.
If charges are filed against the individual, the next step is the arraignment process and / or the bond hearing, which may occur simultaneously depending on the methodology of the court. An arraignment is the requirement for the defendant to appear in court and hear the charges being filed against them. The individual will be asked how they plead (guilty, not guilty, no contest, etc.) and they may be able to leave custody after the arrest and before their trial by posting bail.
Posting bail involves paying money to the court to ensure that the defendant will return in the future. Upon complying with these terms, the bail money is returned, but failure to appear in court results in a warrant for the defendant’s arrest and the money is kept by the court. The amount that an individual is required to post is decided by a judge during the bond hearing and often depends on the severity of the crime and whether acts of violence were involved. Once the judge has set a total bail amount, the defendant’s choices are the following:
- Post Bail by Paying the Total Amount in Full
- Remain in Jail Until the Trial Date
- Try to Arrange for a Bail Bond
If you do not have enough money to post bail, you will not be able to leave court custody, which is inconvenient to say the least. Arranging for a bail bond can help you post bail and settle at home before your hearing, giving you both peace of mind and time to strategize your case in a safer environment. Essentially, arranging for a bail bond involves hiring a bondsman to post bail for you. The bondsman will typically ask for 10% of the bail amount as payment upfront and require you to use a form of collateral to secure the total amount of bail.
If you do not have the cash on hand to pay a bail bondsman for their services, your next step could be searching for loans for bail bonds. Between personal loans, title loans, and payday loans, you may have a few different bail financing options to choose from depending on your current financial situation and goals.
Choosing Loans for Bond Money
From attorney fees to bail money and fines, there are a lot of financial challenges that may come with being arrested for a crime. As mentioned above, some of the most common loans for bail bonds include the following:
- Personal Loans: A personal loan is typically unsecured and your eligibility will be largely determined by your creditworthiness. Without a strong credit score, obtaining approval for an unsecured personal loan may be difficult.
- Payday Loans: As the name suggests, payday loans are meant to bridge the gap in between your paychecks. Payday loans are typically around $500 or less, which may not be enough to cover the services of a bondsman. While obtaining approval for payday loans can be fast and easy, there are disadvantages to consider, such as hidden fees and high interest rates.
- Title Loans: With a title loan, you can use a qualifying car as collateral for the loan and access up to half of its value upon final approval. Depending on your income, the state you live in, and the value of the collateral, you can receive up to $15,000 by qualifying for a ChoiceCash title loan!1
Ultimately, the loan you choose to get the financial help you need to post bail for a loved one or yourself will depend on your personal preferences, along with your financial situation. If you have any questions about applying for ChoiceCash title loans for bail bonds, do not hesitate to call 855-422-7402 to speak directly with a title loan agent.1
How to Qualify for Emergency Loans for Bail Bonds
The exact requirements and documentation you will need to qualify for an emergency loan for a bail bond will depend on the type of loan you decide to apply for. Generally speaking, you can expect to need the following when applying for loan:1
- Proof of Identity: You may be asked to provide a valid, government-issued photo identification card, such as a driver’s license or a U.S. passport. Additionally, proof of residence may be required, which can be documented through recent utility bills, bank statements, or a lease agreement.
- Proof of Income: Many lenders require you to provide proof of income during your loan application in order to determine your ability to repay the loan. Applicants often submit recent bank statements or pay stubs to prove their income, but other approved documentation may be accepted.1
On top of these documents, you will be asked to submit additional paperwork when applying for a car title loan:1
- Vehicle Title: To use your vehicle as collateral for a car title loan for bail bonds, its title must be in your name at the time of your application.1
- Recent Photos of the Vehicle: When applying for title loans for bail bonds online, you will be required to undergo a virtual vehicle inspection. Simply provide a few photos of the interior and exterior of your car to complete the virtual examination.1
Qualifying for a car title loan can be as simple as meeting the requirements and providing the right documentation to verify the ownership of your vehicle, your income, and your personal information! If a ChoiceCash title loan sounds like the right fit for your situation, fill out a questionnaire online or apply over the phone to see if you are prequalified for fast cash.1
Benefits of Bail Bond Title Loans
When you or a loved one is accused of a crime, there is no time to waste. Using a title loan to pay for a bail bondsman can be a fast solution during a difficult situation. Besides fast cash in as little as 24 hours, some of the most advantageous benefits of a ChoiceCash title loan are the following:1
- Flexible Application Process: The ChoiceCash title loan application process was designed with financial emergencies in mind, so you can expect it to be efficient and flexible from start to finish. Whether you are trying to pay off a large medical bill or bailing out a loved one, a title loan can be a convenient solution. Start your application from the comfort of your home today by completing a qualification form online.1
- Exceptional Customer Service: When you dial 855-422-7402, you’ll encounter experienced and compassionate title loan representatives who can walk you through each step of your application.1
- Keep Driving Your Car: By using your car as collateral for a ChoiceCash loan, you can receive the fast financial help you need. Maintaining access to your car throughout the repayment process is possible by keeping up with your title loan payments.1
Don’t wait to see if you qualify for the emergency cash you need. Call 855-422-7402 today or complete a short pre-approval form today to get started! By completing the questionnaire online, you can receive an instant title loan quote with no obligation.1
Frequently Asked Questions About Bail Bond Title Loans
Do you still have questions? Dial 855-422-7402 or check out some of the most commonly asked questions about applying for bail bond title loans:1
Can I get a loan for bail bonds with bad credit?
Having a bad credit score will not hold you back! You can apply for a bail bond title loan if you have bad credit or no credit and access fast cash if you qualify.1
How do I apply for a title loan for bail bonds?
The application process is just a few simple steps with ChoiceCash title loans serviced by LoanMart:1
- Submit an Application Online or Over the Phone
- Upload Your Documents to Verify Your Information
- Get Your Money if You Qualify!1
Can the loan be used to pay for other legal expenses?
If you are approved for a bail bond title loan, you can use your loan proceeds to pay for a lawyer and handle other legal expenses, such as court fees. Upon final approval, you are free to spend your money as you see fit and handle your financial issues.1
