Client Question: "My son was arrested earlier today and his bail was set at
$100,000. I don’t have a lot of money to work with for a down payment
and I saw some ads for 3% bail bonds. I was wondering how that works and
whether I’d be eligible."
Three percent down bail bonds are rare, but you may be able to qualify
under certain circumstances. In most cases, the bondsman will require a
cosigner that owns real property (such as a house or a condo) who is also willing to let the Mississippi bail bonds company put a lien against that property until the defendant’s case is over and
the bail bonds balance is paid off. There may be some bail bonds
company owners that are willing to work with clients who are looking for
a very low down payment with a very aggressive payment plan on the
balance, if the cosigners have very strong credit scores (this would
mean the signer, or signers, have a FICO score that is between 700-800,)
but these companies are very few and far between.
Call BAIL ONE for further information - (228-832-5506
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