We are the trusted source for bail bonds, as well as financial help and guidance when you cannot afford to pay for the bail bond fee. Every day, we are contacted by great people who simply want to get their loved one out of jail.
We are often asked “how can I bail out my friend if I can’t afford the 10% bail bond fee?” People need to know trustworthy loan options to cover the emergency need for a bail bond. You may be in a difficult position financially and getting approved for a loan may be difficult. We attempt to tackle this difficult situation and give you options on bail bond loans, finding lenders, as well as seeking other financial options for bail bonds.
What if I don’t have money for bail?
We understand how important it is to get your loved one out of jail. Their future often depends on it. Those who can’t obtain a bail bond emergency loan are 90% likely to plead guilty vs only 40% pleading guilty if they can afford a bail bond loan. Without financing for a bail bond, people spend 15 days on average in jail. That’s enough time to be expelled from school or lose your job. It’s an unfair disadvantage for people to not have the financial options to release their loved one from jail. Most lenders will require you to have a job, bank account, and be at least 21 years of age for a loan.
If you can’t easily obtain a loan, it is now difficult to even get a high-interest payday loan. We recommend looking at bail funds to sponsor you and cover your 10% bail bond fee at no charge, but Charitable bail funds are limited to certain states although more are introduced on a regular basis. Another option is to borrow money from friends and family unless you are ready to enter into high-interest loans. Many states are now lowering the bail amount set for those in low income households to prevent discrimination and unfair challenges.
Most states will also allow you, a friend, or family member to put up property as collateral. Obtaining a bail emergency loan is sometimes not possible since lenders deny high-risk, low income individuals especially if you don’t have a job or any money saved up. Bail bond lenders simply can’t take the risk if you appear like you can’t make your payments. Having someone in your circle with property or other assets can help. If you don’t have a person that will vouch for you financially, you may want to explore pawning off any valuables or obtaining a loan using your car title or other assets.