If you or a loved one have been arrested for a crime, then you will be placed in police custody. Once you have completed the record process, you will then be placed in a holding cell before going to jail. In many cases, the only way to be released from jail before your court date is to post bail.
Posting bail will always be beneficial. It will allow you to be proactive and use your time before the court date more effectively. You can speak to your lawyer, plan the right defense and make the most of the time you have available with your friends and family. Unfortunately, the cost of bail can be expensive. Particularly, if this is not your first offense or if you have been charged with a serious crime such as a DUI or assault. If you don’t have the cash readily available for your bail and you don’t have a friend or family member who can help you out, then you will need a bail bond. A bail bond will provide the lifeline that you need. A professional bondsman can post the full bail amount for you. However, the majority of bond agencies operating in California offer 10% bail bonds. At Balboa Bail Bonds, we can offer our clients a 5% bail bond. This can make all the difference for some people trapped in jail.
5% Bail Bonds Explained
5% bail bonds refer to the amount of money that you will need to contribute to the payment of the bond. In California, the minimum payment required by the state court system to obtain bail is set at 10%. As such, a bond agent is not legally able to ask for a lower amount.
However, in certain cases, it is possible to gain access to a discounted rate of 5%. This means that you only need to cover 5% of the total bail amount. Once you are released, you can then pay the remaining 5% to complete the total minimum percentage that is required by the State of California.
Why Are 5% Bail Bonds Beneficial?
10% may not seem like a large percentage or a significant amount of money that needs to be paid. However, it does depend on the total bail amount.
Certain charges can mean that the bail amount will be at least $50,000. If this is the case, then 10% bail bond will mean that you need to pay $5,000 before you can be released. Many people do not have this amount in cash available. In contrast, $2,500 is more manageable for a lot of people. As such, a 5% bail bond will mean that more people can get post bail as quickly as possible and be in a better position to work on their case.
Who Can Access 5% Bail Bonds?
5% bail bonds are typically accessible to anyone who is deemed to be a low flight risk and needs to post a bail amount over $50,000 in Southern California. If you are unsure whether you fit this category or you don’t know what the bail amount for your loved one will be, make sure that you contact our team now. They are available to help with your bail 24/7 and can answer any questions that you may have. We can even track your loved one in the jail system and find out exactly how much their bail will be.
What Are The Requirements To Qualify For A 5% Bail Bond?
In the vast majority of cases, collateral is not required to qualify for a 5% bail bond. This will be true if you are a co-signer and can provide evidence of proof of employment or a steady income. This can be enough to act as your credit.
If you can not provide this, then collateral can be provided in many forms including:
- Investments
- Cars
- Real estate
- Stock
To qualify you will need to provide:
- Your proof of employment
- California state ID
- A co-signer
Applying For A 5% Bail Bond
If you are applying for a 5% bail bond for your loved one, then you can contact a member of our team today. Alternatively, you can fill out an online form through our website and a member of our team will get back to you as quickly as possible.
In cases where you are arranging the bail bond without additional support for yourself, get in touch by phone. As mentioned, our team members are available 24/7 and always there to answer your call. We provide a personalized discreet service that you can trust. We can even send someone to meet you at the jail or local courthouse to ensure that everything proceeds smoothly.
Using our service, we guarantee that you will always have the support that you need right there with you.
What Are The Prices And Payment Requirements?
Both prices and payment options for 5% bail bonds will differ depending on your case and the crime that you have been charged with. However, if you contact a member of our team at Balboa Bail Bonds, then we can provide you with a non obligation free quote. You can then decide whether our service is right for your needs.
10% is the total amount required from you to gain bail. However, we provide various repayment plans that might suit your needs. If you are unable to cover a 5% bail bond cost we offer other alternatives including 0% and 1%. While these are more difficult to access, we will help every step of the way and ensure that you always have a professional team on your side.
If you need more information about our 5% bail bonds service, please do not hesitate to get in touch. We can discuss any concerns you may have and ensure that you get all the details you need to make an informed decision.
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