What if a defendant doesn’t have access to a lot of money and needs bail bonds services in Norman, OK to get out of jail? When a bail is set high, it can be demoralizing to a defendant. Fortunately, there are several ways in which bail services can be paid for.
Using a Home
A defendant can contact us at A Absolute Bail Bonds and work out an agreement that allows them to use a property for collateral for bail. By using a home for collateral, the defendant can afford to post bail that might be in excess of $50,000. It’s important to note when something is put up for collateral that it can be lost if the defendant decides to not show up for court appearances.
Using a Vehicle
Many people might not be comfortable with putting up their property in order to get help from Bail Bonds Services In Norman, OK. They know that if something bad happens they can lose their home. Instead of using a home for a very high bail, a car is another option. People who own multiple vehicles might put up more than one car to meet the financial requirements.
Investments
Some people have multiple investments. That means that they might not have a lot of liquid cash but can liquidate investments to pay for bail. If a person cashes out an investment in order to post a bail, they have to understand that there can be tax implications.
Pawnable Items
Another way to come up with bail is to use pawnable items. Everything from boats to jewelry to motorcycles can be pawned. A benefit of using pawn brokers is that the property can be kept if the money is paid back. That makes using a pawn broker the best choice in most cases.
All hope isn’t lost if a defendant doesn’t have cash on hand to pay for their bail. There are many ways that bail can be posted. Some companies are also willing to work out payment plans with their clients. Before settling on a bail agent, a person who is on a tight budget should call around to see what options they have available.
