Most bail bond companies, including Downey Bail Bonds, are regulated by the California Department of Insurance. This government organization has set the standardized fee, or “premium,” a Downey bail bondsman can charge at 10%, meaning that if a defendant’s bail is set at $5,000, the cost of a Downey Bail bond company’s premium is required, by law, to be no more and no less than $500. The Department of Insurance makes certain exceptions in the case senior citizens, active members of the United States military, union members, and defendants that have secured legal representation—for these individuals, a Downey Bail bond may legally charge 8% of the total bail amount. Take Note: Downey Bail bond premiums are always non-refundable, and if the defendant fails to appear in court (called a “forfeiture”), the person who purchased the Downey Bail bond (indemnitor) must pay the Downey Bail bond the total amount of the bail.
You should be mindful that Downey Bail bond companies who offer 5% Downey Bail bond fees or “cheap Downey Bail bond” are violating California Law. Any company that offers you these rates or makes these claims is either acting illegally or will put you on a payment plan when you sign the contract. These “price cutting” bail agents are saying and doing whatever they can to get your business. if you have any question please call our office. 1-800-944-1599
A Downey bail bondsman is an individual that is licensed by the California Department of Insurance and can legally assist those in need of a Downey Bail bond to have a defendant released from jail. Typically, the 10% premium is always paid up-front; however, some exceptions may apply to those that are credit-worthy.
Because a bail bond company is essentially using their own money to pay for the total amount of your friend or loved one’s bail, Downey bail bondsmen must evaluate the risk before writing each bond. Risk is evaluated based on a number of different factors, including:
When applying for a Downey Bail bond, both the Downey Bail bond company and the indemnitor must agree on how the 10% premium will be paid. Applicants should always be honest about their financial position; even if you have limited funds, Armstrong Downey Bail Bonds will work with you to develop a payment plan or leverage your assets (collateral) to get your friend or family member out of jail as quickly as possible. Types of collateral may include:
Mutual trust is paramount in the Downey Bail bond industry, and Our Expert bail Agent will constantly strive to find an equitable arrangement for all parties.
Payment for Downey bail bonds is generally made prior to the release of the defendant. we accept Pay with Visa, Mastercard, American Express, Discover, or online through PayPal.
In addition to no collateral bonds, we often offer clients flexible payment options to help ease the strain of having to pay a large sum of money all at once.
To qualify for a payment plan, the co-signer of the bond (known as the indemnitor or the one taking responsibility for the defendant) would need to have good credit and / or be a Downey homeowner.
Downey Bail Bonds provides several flexible Downey Bail bond payment options. If you are unable to pay the 10% premium upfront, Downey Bail Bonds will work with you to develop a custom payment plan based on your individual financial situation. Call today to speak with one of our friendly bail bond agents. 1-800-944-1599.
Give Us A Call
Drop Us a Line
10911 Brookshire Ave, Downey, CA 90241, USA
Give Us A Call
Drop Us a Line
10911 Brookshire Ave, Downey, CA 90241, USA
