31 Jan What Do You Need for Collateral?
Anyone who has ever gotten a loan from a company before knows that most businesses prefer to have some form of collateral. For those unaware, collateral is something of value that is pledged as a form of backup payment in the event that the client fails to pay off the loan. This can add quite a bit of extra stress onto a situation, which most people don’t care for.
In a way, getting a bail bond is a lot like getting a loan. The biggest difference being that you don’t get the loaned money, instead it goes straight to the jail. As such, many people assume that they will need to pledge something as collateral to get a bail bond. For some companies, this is true, but not at Van Pool Bail Bonds in Richmond.
Here at Van Pool Bail Bonds in Richmond, we know how stressful needing collateral can be. Due to this fact, we prefer not to use collateral. In most cases, all we need for collateral is the signature of a working co-signer. As long as we have that, we don’t need our clients to pledge something like a house or car. To us, the signature of someone who is currently working is far more valuable than anything else.
The arrest of a friend or family member is already stressful enough. You don’t need to add collateral to the mix. At Van Pool Bail Bonds in Richmond, we do whatever we can to make the bail process as simple and stress free as possible for our clients. Some of the services we provide in an attempt to reach that goal include:
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español
If you want to bail someone out of jail, but don’t want to pledge anything as collateral, contact Van Pool Bail Bonds in Richmond. We don’t need collateral on most of our bail bonds as long as there is a working co-signer.