Bail bond loans and/or bail loans typically range between $500 and $35,000. They can be used for bail bonds, cash bail bonds and other emergencies. Bail bond loans are commonly called installment loans because they are typically paid back in monthly or bi-monthly installments over an extended period of time. They can be a convenient alternative to bank loans or high-interest credit cards, with online loan request forms and no-hassle automated repayment.
The cost of the bail bond loan and Annual Percentage Rate (APR) depend on several factors including but not limited to, source of income, credit history and state law. Your APR also depends on how much you want to borrow and how quickly you want to repay the loan.
The terms of your loan are disclosed during the loan request process when you are directed to the lender's and/or lending partner's loan agreement. This information is strictly between you and your lender and/or lending partner. Not all customers will be eligible for a loan or meet the criteria to receive the best terms or lowest interest rate.
Lenders that offer Bail bond loans and cash advances typically do not perform credit checks with the three major credit reporting bureaus (Experian, Equifax, and Trans Union). That's why customers with less than perfect credit are often able to turn to bail bond loan companies when they need emergency cash to bail a loved one out. However, the bail loan review procedures vary by company, and most bail loan companies DO review a customer's information in national databases that track consumer lending transactions, such as Teletrack, DP Bureau, or DataX, using an individual's social security number.
The time it takes to process a bail bond loan and transfer funds into an individual's account varies with each lender, and also depends on the financial institution where the customer has their bank account. However, approved individuals can often receive their bail loan as soon as the next business day after approval.
Repayment terms, including dates for repayment and any fees chargeable in the event of a rollover, etc., vary for each bail company that offers loans, and it is essential that you review all of these terms and conditions before entering into a bail bond loan agreement.
Late/Partial Payments: If you do not pay the full amount of principal and interest by the agreed-upon payment date, you will likely be charged a new finance charge and payment date may be extended until your next pay date. This new finance charge may be a flat fee, or may be calculated by applying the proportionate amount of the finance charge to the unpaid loan amount. Review the late payment policy detailed in the loan documents provided to you by your bail lender and/or bail lending partner before signing your e-signature, and thereby agreeing to the bail bond loan terms.
No-Payment: Cheapbailbondloans.com does not enforce payment. If you do not pay, your bail lender and/or lending partner may take legal action against you. Additional fees may apply to you in the event that you are unable to repay your bail loan. Information regarding your payment history, delinquency or defaults on the account may be reported to a third-party consumer reporting agency and may impact your credit rating.
Bail Loan Renewals: Cheapbailbondloans.com will not provide a renewal for you. Your bail lender and/or lending partner has renewal policies which will vary. With every extension or renewal, a new finance charge ("Extension Fee") may be assessed by the lender and/or lending partner, and the re-payment date may be extended until the borrower's next pay date. The finance charges can be significant depending on the lender and/or lending partner.
Collection Practices: Collections practices of lenders/lending partners and/or any assignee(s) will be in accordance with the principles of applicable federal regulations. Lenders and/or lending partners may attempt to contact borrowers via one or more authorized methods, including phone calls and emails, to arrange for payment. Impact to Credit Score: Your lender and/or lending partner may report late or missed payments to the credit bureaus. This can negatively affect your credit score. Consumers with credit difficulties should seek credit counseling.
Cheapbailbondloans.com is not a lender or lending partner, and we do not make credit or loan decisions. We provide emergency cash advance bail loans and bail bonds loan online referral service on our website. If a customer is looking for an emergency cash advance bail loan or bail bonds loan online, we help connect them with a network of lenders who offer bail bond loans and cash advances for bail loans. Our website features a secure form requesting information that lenders and/or lending partners within our emergency cash advance bail loan and bail bond loan referral network will use to decide whether they want to offer a customer an emergency cash advance bail loan or bail bond loan. The information that they need in order to make cash advance bail loans or bail bonds loan decisions about each customer includes name, address, home and work phone numbers, and email address. They also need a customer's birth date and social security number to comply with the US Patriot Act. The operator of this website can be reached by mail at Cheapbailbondloans.com, 848 N. Rainbow Blvd. #3994, Las Vegas, NV 89107, or by email. Customers can contact us if they want to discontinue using our bail bond loan referral service, or to change their communication preferences. Any questions about emergency cash advance bail loans or bail bonds loan amounts should be directed to the lender from which a customer obtained his or her cash advance bail loans or bail bonds loan.
Cheapbailbondloans.com provides a referral service for customers looking for online cash bail bond loans. We do not make decisions about whether to offer any given customer a bail bond loan or bail installment bail bond loan. Instead, we connect customers who have filled out our secure online bail loan request form with our network of bail bond lenders and/or lending partners that offer bail bond loans, bail loans, or cash advance bail loans. Not all lenders or lending partners can provide up to $3,000 or the amount of money you request. After a user of this website submits his or her information onto the secure online loan request forms, the companies in our network that offer online bail bond loans will review the user's information and decide whether or not to offer the user a bail loan. The secure online review process usually takes only a few seconds, and if one of the companies in our network decides it wants to offer the user a bail loan, then that company will either contact the customer directly to offer him or her a loan, or the customer will be immediately redirected to the website of the bail bond loan company. If that happens, the customer should make sure to carefully review all of the terms about the bail bond loan before deciding whether or not to enter into a loan or credit agreement, especially since bail bond loan terms and conditions (including fees, APRs, and repayment) can vary significantly by lender. A user of Cheapbailbondloans.com is under NO obligation to enter into a bail bond loan agreement with any lender and/or lending partner, and if a user of this website is contacted by a company and offered a loan, the user is free to accept or decline any such offered loan at that time.
It is important to review the codes of practice and policies on responsible lending of a specific personal loan company, before entering into a bail bond loan or emergency cash advance bail loan. These codes and policies might be different for each lender that offers bail bond loans or emergency cash advance bail loans, but representative general requirements of bail bond loan companies may include:
- Monthly income equal to or exceeding $1000
- Current, valid home and work phone numbers
- Current employment for at least 4 weeks
- Current bank account in individual's name
Qualified bail bond loan amounts can vary and are based on personal eligibility. Approved bail loan amounts can range between $100 to $3,000.