Video Name: Payment Plans & Options for California Bail Bonds
California bail bonds provider Greg Rynerson explains the different payment options and plans available to his clients who need to get bail for a defendant. Depending upon your credit history different payment plans can be offered to families or friends who want to take responsibility for the defendant and bail them out of a jail in California.
Video Date: January 2008
Our customers often ask if we offer payment plans and our answer is absolutely “Yes”.
If you are creditworthy there is a good chance that we can work out a payment plan that’s going to fit your budget.
Let’s say, for example, you have a $50,000 bond. The premium that you are going to owe the bail bond company is 10% which would be $5,000.
That’s a lot of money to most people. For us to accept a payment plan, we prefer to have some kind of a down payment and what that shows us is that you are committed to working with us in… in taking care of the defendant’s issues.
We often joke with our clients you don’t need to be Donald Trump to qualify for one of our payment plans. If we’re looking at someone’s credit score, what we like to see is that number one you have credit and that number two that you use it wisely.
We also like to see multiple signers on a bail bond. We prefer to see mom… dad... or … other family members signing. What that says to us is that they’re committed to taking care of the defendant’s issues.
In short, if you have good credit, there is a good chance that we can put a bail bond together and a payment plan for you.