Bail bonds are often the only option people have to get out of jail when they are waiting for their court date. This guide explains $500 down bail bonds and how they could benefit you or a loved one.
If you or a loved one has been arrested for a crime, the consequences can be catastrophic. Whether you are guilty or not, in most cases, you will remain in a holding jail or jail until you can post bail.
It’s important to ensure that you get out of jail as quickly as you can. Doing so will put you in a better position to prepare for your court case. If you are in jail, then the amount of time you can spend speaking to your lawyer will be limited which can impact your chances of putting forward the right defense. Being stuck in jail can also have a negative impact on your wellbeing and mental health.
In California, posting bail is required for the vast majority of serious crimes. The cost of bail may be at least $50,000 depending on what crime you have been charged with. In some cases, the total bail amount can be as much as $250,000.
In the State of California, you will be required to pay at least 10% of the total bail amount. This is set by the state and as such can not be altered. Unfortunately, that amount is beyond what most people can afford outright.
If the average total cost of bail is $50,000, this means that a down payment of $5,000 is required. Alternatively, if the total cost is more expensive and $250,000 which can be the case for serious crimes, then you would need to pay at least $25,000 to be freed from jail.
This is where a $500 down bail bond can be a beneficial option for a lot of people.
What Is A $500 Down Bail Bond?
As the name suggests, a $500 down bail bond will require you to pay just $500 of the total amount upfront. A professional bail bond then provides the rest of the amount required to free you from jail. You will still need to cover the rest of the 10% required. However, this can be paid back once you are free from jail over months or years.
So, for instance, the set full bail amount could be $50,000. As mentioned, this means that you need to pay $5000 to get out of jail. Instead of needing to cover the full amount, you will only be required to pay $500. The other $4,500 can be paid later on. Assuming you qualify for a $500 down bail bond service, you will only ever need to pay $500 upfront, regardless of what the full amount may be. Can Anyone Access $500 Down Bail Bonds?
$500 down bail bonds will only be available in California. You or your loved one who is posting bail will also need to show proof of employment and have an approved credit score.
If you are sure whether you meet these requirements, make sure that you contact our team today. Our experts at Balboa Bail Bonds will be happy to check this for you and let you know whether you can access a $500 down bail bond to get out of jail.
Benefits Of $500 Down Bail Bonds
The most obvious benefit of a $500 bail bond is that you don’t have to cover the full 10% of your bail upfront. Instead, you only need to to cover the $500. That’s important as most people won’t have $5,000, $10,000 or more readily available. This can mean that your release is delayed at best and impossible at worst. You might have the full amount available in assets. However, it will take a while to liquidate these and free up the money. During this time, either you or your loved one will be stuck in jail. A $500 down bail bond will allow you to avoid this type of scenario completely. It can guarantee that you or your loved one is not in jail for a moment longer than necessary, regardless of the cash you have available.
How Do You Access $500 Down Bail Bonds?
To Access a $500 down bail bond, you will need to contact a professional bondsman. That’s where Balboa Bail Bonds can offer the support that you need. As a professional bonds service operating in California, we can provide the bail bond that you need. This means that we’ll cover the rest of the 10% of the full bail for you. So, for instance, if the total amount for bail is $50,000, the 10% required to be granted bail is $5000. In this case, we’ll pay $4,500 and add it to the $500 you put down.
This ensures that bail can be granted as quickly as possible without any delays.
To explore this option, you just need to contact our team. You can do this yourself if you are in jail or you can contact us on behalf of a loved one who needs support. In some cases, you might not even know which jail your loved one is being held at or how to post bail. We can provide the full support that you need every step of the way and ensure that you don’t run into any roadblocks here.
All we need is some basic information including your driver’s license details, contact details and proof of employment. We may also run a credit check to approve this type of bail bond service.
If you are not approved for a $500 down bail bond option, we can recommend other possibilities that may be more suited for you. We will always strive to ensure that you are provided with the best choice for your needs and your finances.
If you are approved the remaining amount to cover the full 10% can be paid over several months. Payment plans will depend on your specific case. Get in touch now and we will be happy to provide a quote with all the details for you or your loved one.
Tags: $500 Down Bail Bonds