You may think that being arrested and then making bail means you have to empty your savings or the savings of your loved ones. However, this is no longer the case. Indeed, getting an affordable bail bond is now much easier with $500 down bonds. Read on to find out what they are, how they work, and whether you are eligible for one in our expert post below. 

What Is A $500 Down Bail Bond?

A $500 down bail bond is a bond that allows you to only pay $500 upfront, and pay the rest off over time. Such bonds are particularly useful for people that are struggling to raise the entire bond amount in one go. Indeed, such bonds allow the person that has been arrested to be released and return to their family while they wait for their trial for much less than most full bail amounts. 

How Does A $500 Down Bail Bond Work?

$500 down bail bonds are designed for people that have been arrested, and granted bail and their loved ones, but cannot meet the entire amount. Unfortunately, the way the bail system works is that if you cannot pay the amount requested by the court you or your loved one will be kept in custody, that is not released from jail. However, one way to get around this problem is to use a $500 down bail bond. This type of bond allows the suspect or their family to pay only a small percentage of the bail cost ($500) and still get out of jail to await their trial. 

$500 bail bonds are possible because the bail bond provider covers the entire amount with the court. However, they do not ask for the full bond amount up front from the suspect or their family. Instead, they allow them to enter into an agreement where they need to only make an advance of $500 and then pay the rest of the outstanding bond back over time in agreed amounts. Of course, just as with any bail bond, the suspect will need to attend their trial or risk forfeiting the bond. 

The Advantages of Choosing The $500 Bond Option 

There are many benefits to choosing the $500 down bail bond option if you find yourself incarcerated and looking to get out on bail. The first is that the $500 bail bond option is one of the quickest available. This is because you or your loved ones only need to raise $500 before you can be released from jail, instead of having to wait around until they can raise the full amount which often runs into thousands of dollars. 

Secondly, $500 bail bond options are also very flexible, as they allow you to pay back the full cost of the bond over time. This means it is far easier to budget for this expense each month because you will know precisely how much it is, and when the payment will be made from your account.

Last of all, $500 down bonds are a real lifesaver for anyone stuck in jail, without the full bond amount to hand. Indeed, as bail bond amounts are set according to how much of a flight risk a suspect may be, and how serious the crime they have committed is, many people can find themselves in jail without access to enough money to make their bail. Happily, the $500 down bond option helps to prevent this and allows them to return home to their families, and their regular lives, and prepare for their trial.   

Will I Qualify For A $500 Down Bail Bond?

If you are wondering whether you will be able to get a $500 down bail bond, the next section will provide crucial information. 

First of all, you will need a co-signer. A bail bond co-signer can be your employer, or a friend or loved one. They must be over 18 years of age, and show a valid ID. Your co-signer must also be able to provide evidence that they can meet the regular payments that cover the rest of the bail bond. This means they need to be employed or have substantial assets such as a vehicle or home that they own that will cover the payments. 

Can I Get A Flexible Payment Plan For My $500 Bail Bond?

Yes, the good news is that we can provide you with a flexible payment plan for your $500 down bail bond. This means that we will agree on a payment schedule with you and your co-signer based on the amount you have been able to put down against your bail bond. For example, if you can put down a larger amount when you take out the bond, your monthly payments will be lower. 

Choose 24 Hour Online Bail Bonds For All Your $500 Bail Bond Needs 

Here at 24 Hour Online Bail Bonds, we understand that it's hard to relax when your loved one is in jail. That is why our expert team believes getting your loved one out of jail on bond, should be fast, and easy. That is why we pride ourselves on our super quick bail bond services, and providing our clients the easiest, and most convenient online forms to complete the bail bond process. 

We also understand that no matter what you or your loved one has been charged with, everyone deserves respect, kindness, and confidentiality. Indeed, our dedicated and highly knowledgeable staff not only offer one of the most friendly bail bond services but have a deep understanding of working with the professionals of the courts and jail systems.  

Here at 24 Hour Online Bail Bonds we are available for you all day, every day 24/7. Whether you need a bail price quote, information on how to get a bail bond or more detailed guidance on how to complete the bail bond process, we are here for you. For all your bail bond needs, contact our friendly, and knowledgeable team, or begin filling in a bail application here