Money For Bail
April 26, 2013
I’ve never met anybody who had a dream of going to prison. That being said, some people unfortunately find themselves in such a position.
If someone you know has been arrested and is currently in custody, he or she may have already been offered bail. This is an amount of money that must be paid in order to be released while awaiting trial. This person may have asked for or need your assistance to help alleviate this problem.
To help your friend or loved one out, you can either pay the bail money in full or enlist the services of a bail bondsman. As paying the bail in full could be quite difficult, you’ll probably go with a bail bondsman.
A bail bondsman will typically pay the bail in return for a fee of approximately 10 percent of the bail. So, supposing that your friend was arrested and bail was set at $15,000, a bail bondman who charges 10 percent would require a payment of $1,500.
To pay the bail bondsman, you’ll either have to have $1,500 on hand or take out a loan for it. Luckily, you can typically take out a loan very quickly by getting a car title loan. A car title loan is a loan that is based on the value of your vehicle.
Let’s take a look at some facts regarding car title loans.
How Can I Get a Car Title Loan?
To get a car title loan, you must own a vehicle. This means that you must own it outright with no remaining payments.
If you own your vehicle, then you are well on your way to getting a car title loan. You’ll need a few other documents and items, such as a photo ID and proof of insurance – items that most drivers already have. Also, you’ll have to provide minimal verification that you can pay back your loan, such as a pay stub.
Other than that, there isn’t much else to it. In fact, at Car Cash Loans, you won’t even have to go through a credit check. There will be no embarrassing moments like you may have gone through with traditional lenders while running a credit check!
How Much Can I Get?
The amount of money that you can borrow depends on the value of your vehicle. At Car Cash Loans, you can get a loan of up to 50 percent of your vehicle’s value. You can also take much less than that if you don’t need that much money, giving you the flexibility you need to decide just how much you’ll borrow.
How Long Will It Take To Get a Loan?
Speed is critical when dealing with a bail issue. Your friend or loved one probably doesn’t want to hang around in prison any longer than is necessary.
With a traditional lender, you’d probably have to wait days or weeks for a loan to be processed. However, with a car title lender, you’ll often have the money you need on the same day. In fact, at Car Cash Loans, it typically takes around an hour to get the money you need!
Should I Get a Car Title Loan?
The speed and convenience of car title loans makes getting 1 an great option for bailing someone out of prison. Also, the fact that Car Cash Loans won’t even check your credit makes the process much simpler than most traditional lenders offer.
Go with a car title loan to help your friend or loved one out if he or she requires bail money. Doing so will provide immediate relief to this situation.
Just be sure that you make every effort to pay your loan back ahead of schedule and that you can definitely pay it back on time. Doing so will help minimize your interest expense and help a friend or loved one during a tough time.