Bail Bonds and Credit

Paying for a bail out of jail is never cheap. Even a low bail amount is in the thousands. Luckily there are bail bondsman that can help you pay for your bail. This still costs money of course. A bail bondsman will generally charge you about 10% of the bail. This means if bail is set at $10,000, then to post bail through the bail bondsman, you may pay $1,000. Still not cheap, but definitely a good deal cheaper than the original amount.

How many people have $1,000 just sitting around to spend? Many of us wish we could say we did, but sadly between bills and living expenses funds can be tight sometimes. Luckily for us there is credit. Almost every adult has some form of credit card in their wallet or purse. It is a fundamental part of our financial structure. It helps us purchase large expenses that we can pay off over time, or help us in an emergency. An emergency such as posting bail.

Not every bail bondsman will accept a credit card for payment, but it is a growing trend. More and more bondsman are allowing people to pay for bail with a credit card. Regardless of what got you, a friend, or a family member behind bars there is most likely one thing that you are not concerned about when using a credit card to post bail. How does this affect my credit score?

In time though the question may resurface again. Maybe you are past the court hearing and all that is behind you. Things are going good so you are looking at purchasing a new vehicle. Suddenly the thought comes up on the bail you paid with your credit card. How did that affect your credit? The answer is not at all. Having a bail payment on your credit card report does not change your credit score. It registers as just another payment. The amount of the bail, and how well it is being paid off does however, though no more than any other charge made on it. In many cases your credit card report may not even show you paid bail. The bail may be seen as a cash advance on your credit card, and therefore not come up under the name of a bail bondsman or bail at all.

If you or the person who was bailed out does not attend his court hearing though, it will show up on your credit score as going to collections. With the large cost of a bail, it going to collections will have a very strong impact on your credit score. This could make it difficult to follow future endeavors such as finding a job, purchasing a new car or home, or even applying for a new credit card.

Let Alliance Bail Bonds help you in this difficult time by helping you post bail for a friend or family member. Call 386-257-5116 for more information.