When you apply for a bail bond to help someone get out of jail, many bail bond companies will require you to provide collateral. However, some bail bond companies will bail out your loved one without collateral, even when a large bail amount is involved.
So how can you qualify for no collateral bail bonds?
Bail bond companies consider applications on a case-to-case basis while determining whether to request applicants for collateral.
At 24 Hour Online Bail Bonds, no collateral bail bonds are available:
- The defendant should be located in California
- On approved credit
- The defendant should be a California resident
- The defendant should not have a history of failing to appear (FTA)
- The indemnitor and co-signer should be well qualified
- On a case to case evaluation
- No collateral bail bonds are not available for federal or immigration cases
Most bail bond companies can’t provide bail bonds for large amounts above $200,000 without a surety company’s approval. Most surety companies will request collateral to secure bonds. We rarely request collateral, even when writing large bail amounts.
How 24 Hour Online Bail Bonds Provide No Collateral Bail Bonds
Our bail bond company has been working with a reliable surety company for many years. Their impeccable track record has earned them the surety companies' trust. This allows the surety company to write bail bonds, even large amounts, without collateral. Before requesting collateral to secure a bond, we work closely with the defendant and other participants in the bail bond process. Some of the factors that we consider include:
- The nature of charges the defendant's faces
- The defendant stability and position in the community
- Defendant’s employment history
- The co-signers stability and employment history
Indemnitor or Co-signer
The co-signer or the bond indemnitor is the person who takes financial responsibility for the full bail amount in case the defendant fails to appear for future court hearings or trials. In most instances, the indemnitor is the defendant.
What happens if the defendant is young or doesn’t have a significant employment and credit history?
In this case, another person may serve as the indemnitor or the co-signer. Whether it is the co-signer or the defendant, the person who signs for the bond will be responsible for the entire bail amount if the defendant doesn’t appear for trial and other court hearings.
If you need additional information regarding no collateral bail bonds, contact us today.
Large Bail Amounts Without Collateral
We write large bail bonds without collateral. We have been in the bail bond industry for many years, and we have built trust with our surety company. Therefore, our bail bond agents do not have to call the home office to seek approval for large bail amounts. Thus, even if you need to post a large bail amount, you can count on us to get you out of jail and back to your work or family within a short time. We are your one-stop-shop for a fast and convenient large bail bond service.
With approved credit and a qualified co-signer, we will get you or your loved one out of jail, even on a large bond. We utilize a GPS ankle monitoring program, which allows us to get defendants out of jail, even on a large bond, without a need for collateral.
Items That Can Be Used As Bail Bond Collateral
In most cases, we will not require collateral to secure a bail bond. However, if the collateral is inevitable, we accept the following items as collateral:
- Real estate
Certain restrictions apply when using real estate as collateral:
- Vacant lots and vacant land can’t serve as bail bond collateral
- Mobile homes do not qualify as collateral
- The property used as collateral should not be in foreclosure or have taxes owed or liens against it.
- For a property to qualify as collateral, its mortgage should be in good standing and should have ample equity to cover the bond.
- Commercial properties and condos do not qualify as collateral
When you contact us, we will evaluate your property and advise you whether it qualifies as bail collateral. Our agents will also work with you to help you set an affordable payment plan for your bail bonds, which fits your budget.
Co-signing Another Person’s Bond And Your Credit Rating
How will co-signing another person’s bail bond affect your credit score?
It’s common for many people to be hesitant about co-signing bail bonds for their friends and family because of the impact it will have on their credit score. The good news is that co-signing a bail bond for your loved one will not hurt your credit score. However, it is essential to note that you will be taking up a big legal and financial responsibility when you co-sign a bail bond for a loved one. You should therefore consider the co-signer responsibility carefully. It is advisable to ensure that you know the person or the defendant well. Ensure that the defendant is reliable and will show up in court when needed.
Once you co-sign the bail bond for the defendant, you will be responsible for the full bail amount if the person fails to attend future court proceedings. Therefore, you should only sign if you are sure that the defendant will be responsible for their end of the responsibility. An experienced bail bond agent can help you explore the situation and make a good decision regarding your ability and willingness to co-sign the bail bond. A bail bond agent will evaluate your situation and give you an honest opinion regarding your responsibilities and options.
Applying for No Collateral Bail Bonds Online
When bailing a defendant out of jail, you will require the following:
- The defendant’s full name
- An email address
- Defendant’s date of birth
- Payer’s employer information or occupation
- Phone number
We make it easy to bail your loved one out of jail so that you don’t have to come to our bail bond office in person. We allow applicants to complete all documents online. All signatures can be obtained through email, Docu-sign, or fax, whichever is convenient for you. When bailing your loved one out of jail, you will have to provide their information, including their date of birth and full name. The email address of the bail applicant is essential to facilitate document processing. The phone number and address of both the defendant and the payer are crucial to complete documentation. The employment information of the bail applicant is usually needed if a payment plan is necessary.
The Cost Of Bail
When calculating the cost of bail, you should add up all the charges you will incur and any enhancements to these charges. Bail bond costs could add up quickly, making it almost impossible to bail your loved one out of jail. We work with the court system to ensure that we secure the defendant's release from jail at a small fraction of the total cost of bail. Usually, the district attorney or the arresting officer will charge the defendant with the most extreme version of the alleged crime. The district attorney may even charge the defendant with different versions of the same offense. The purpose for doing this is to leave room for bargaining the crime downwards as the case progresses. Below are some possible situations:
- The crime of violating probation under PC1203.2 often attracts a bail amount of $5,
- The crime of indecent exposure under PC 314 will likely attract a bail of $5,000.
- Failure to register as a sex offender under PC 290 could attract a bail of $10,000.
Felony offenses will attract higher bail amounts. For example:
- Using a minor to commit a drug offense may attract a bail of $20,000
- Committing a drug offense near a school may attract a bail of $40,000
- A hate crime may attract a bail of $20,000
- Theft of property over $100,000 may attract a bail of $50,000
- Discharging a firearm during the commission of a felony may attract charges of up to $200,000
When You Cannot Afford bail
If you have adequate cash, you can work directly with the court to post a cash bail instead of contacting a bail bond company. However, California often sets very high bail amounts, especially for severe offenses, making it challenging for most people to post bail. The arresting officers may charge several variations of the crime because they might not be sure about the exact crime that will proceed to trial. Each offense may require the defendant to post a distinct and additional bail amount making the bail amount add up fast.
Most people find it challenging to accumulate the cash needed to bail the defendant out of jail within a short period. This is where a bail bond company comes in. A bail bond company works through a surety company to provide a bond to the court on behalf of the defendant. The purpose of the bond is to ensure that the defendant will comply with all the set court appearances. In return, the bail bond company gets a premium, usually 10% of the total cost of bail.
All bail agencies in California must comply with the minimum bail bond fee of 7% of the bail amount. However, almost all bail situations require the defendant to pay a premium of 10%. At 24 Hour Online Bail Bond, our agents understand that not everyone can afford to pay the entire bail premium at once. Therefore, we have several payment plans to help our clients make affordable bail payments. We are also flexible and accept several payment methods. We understand that even if you do not have enough cash to pay bail or bail bonds, you still deserve help to get out of jail.
When You Don't Pay bail
What happens if you can’t, or you do not wish to post bail?
You will have to remain in jail until the completion of all the legal proceedings against you. However, the judge can use their discretion to release the defendant from jail even if the defendant doesn’t post bail, usually known as own recognizance release. However, if you face serious charges like charges related to manslaughter, it is improbable that the judge will release you on your own recognizance. The bail agent can arrange bail for you at a fraction of the cost of bail if you cannot afford bail. Usually, bail bond companies require the bail applicant to pay a premium of 10% of the bail amount. Therefore, if the bail amount is $100,000, you will pay a premium of $10,000. The premium may still seem like a large amount, but it is a better option than paying the entire bail amount. Contact us to find out the cost of posting bail without collateral.
No Hidden Fees
If you do not have money to post bail, you may not have money to pay the bail premium. However, an essential step towards improving your financial situation is getting out of jail and back to work. If you do not have collateral to secure a bond, but you need help to get out of jail, we invite you to contact us. We are your one-stop bail bond company, and we are committed to bringing you or your loved one out of jail within the shortest time possible. We will work fast and do everything possible to get you out of jail. We have competitive bail bond prices, and we save clients money in other ways. For instance, unlike some bail bond companies, we do not have hidden charges like:
- Posting fees
- Travel expenses
- Notary fees
- Interest on financing
- Late file premiums
- Annual premiums
- Processing fees
We don’t have any of the outlined fees. We only charge one flat rate fee with no hidden fees, interest, or surprises. Some bail bond companies may advertise low fees but will not tell you about additional fees that you will end up paying. Because we don’t have hidden fees, you will end up paying less at 24 Hour Online Bail Bonds irrespective of what other bail bond companies are advertising.
Bail a Loved One Out Of Jail With No Money
The cost of bail bonds may be more than what you can afford. We have flexible payment plans that will enable you to get your loved one out of jail as you continue making affordable payments towards the bail bond. A working co-signer will be necessary for a bail bond payment plan unless you have a property that you can use to secure bail. You can make a down payment for the bail bond online using a debit card, a credit card, bank wire transfer, or cash deposited at any renowned banking chain. When getting started with a payment plan online, you will need to fill out a simple application. You should have the following to arrange for bail bond online:
- The defendant’s full name
- Phone number
- Date of birth
- Mailing address
- Email address
You may also need information about the defendant's occupation. In some instances, information about the defendant's social media handles may be necessary. This will enable the bail bond company to contact the defendant after their release from jail. The bail bond company may contact the defendant to ensure that the defendant understands their obligation to appear for all the court hearings and other legal proceedings related to their case.
Most bail bond companies require some identifying information for the person arranging for online bail bonds. This will enable that bail bond company to verify the person's identity. The bail bond company will require an official ID or a driver's license for identity verification. Bail bond companies may also complete background checks for the person arranging an online bail bond. The applicant may have to provide their name, address, birth date, photo ID, and social security number for a background check. Usually, this information is needed from any person arranging a bond, whether online or in person. You might feel uncomfortable providing these details on an online platform. However, bail bond companies use secure networks, and your information will not be shared with any party outside the bail bond process. In addition, your information will not be used for any purpose other than that related to the bail bond process.
Why Choose 24 Hour Online Bail Bonds For No Collateral Bail Bonds?
Below are some of the reasons why we are the leading bail bond without collateral provider:
- The best bail bond rates
- We write large bail bonds without collateral
- No Down Bail Bonds (OAC)
- Flexible bail bond payment plans
- Affordable monthly payments
- Bilingual staff
- Extensive experience in the bail bond industry
- You can submit all the paperwork online
- We accept several payment plans and major credit cards
- Reliable online payment methods
- Union discounts
- Military discounts
- AARP Discounts
Find a No Collateral Bail Bondsman Near Me
If you need a bail bond agent that doesn’t require collateral in Los Angeles, Orange County, San Diego, Riverside, and San Bernardino, 24 Hour Online Bail Bonds is here for you. Our bail bond agents are experienced in working with local courts and jails. You can count on our support if you or your loved one is behind bars. Call us today at 800-930-8999 to enjoy prompt bail bonds without collateral.