Why Won’t The Bank Lend Me My Bail?

by | Sep 18, 2012 | legal

Unfortunately, the circumstances surrounding the need for a bondsman in Sacramento are often desperate.  At this point, a person has already experienced the trauma of arrest and being put into a holding cell, and will want to do whatever it takes to get out as quickly as possible.  A person in that situation is not exactly in the best mental state to be making good decisions.  For this reason, it’s a good idea for almost everyone, no matter how honest they may be, to understand the bail process and be ready in such an extreme circumstance.

The good news is that you don’t have to wait in your holding
Traditional lending institutions like banks target a specific type of loan: lower-risk, lower-interest loans.  Bail advances are considered high-risk loans, even riskier than unsecured credit cards.  This is why the interest rates – at around 10-15% of the total principal of the bail – are so high.  It is also why a licensed bail bondsman in Sacramento generally specializes exclusively in this type of insurance.

What this means for you is that you can indeed wait at home for your trial, but unfortunately, you will have to take out the equivalent of a short-term, high-interest loan with a bail bondsman.  If you default, the bondsman has many resources to fulfill his obligation to make sure to bring you to court, including the use of bounty hunters.  In spite of the seriousness of using a bondsman in Sacramento, it is a very good solution when compared with the alternative.

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