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Finding Out About Financing

When you start shopping for a car, you might be more concerned with additional features and specialty paint jobs than you are about the monthly bill. Unfortunately, the wrong financing can cost you dearly. Compound interest never sleeps, which means that you might be paying much more than you should if you work with the wrong lender. I want to help you to make great financial decisions, which is why I created this website. However, if you can remember a few tricks and keep those payments to a minimum, you can drive away with the car of your dreams without breaking the bank.

Finding Out About Financing

Pledging Collateral For A Bail Bond

by Colleen Porter

When a loved one is allowed to post bond, you may need to assist them in securing a bail bond. Bail bonds are always less expensive than paying the full cost of the bail, but you may need to provide the bonding agency with additional collateral. Collateral is meant to supplement the bail premium and to add more security to the bond. You should be cautioned that if your loved one fails to abide by the bail conditions and fails to show up in court, there is a risk of losing collateral. Read on to find out what you can use for collateral to get your loved one released from jail.

Real Estate – This can mean almost anything that comes with a deed and that you can show ownership for. It might be a home, a lake cabin, a rental property, a piece of land, etc. The item of real estate doesn't have to be fully paid off, but it must have enough equity to make it of value. The real estate can be owned by the accused or any family member or even an acquaintance.

Vehicles – As long as it has sufficient value, you can use cars, trucks, recreational vehicles, motorcycles, trailers, boats, campers, ATVs, and even jet skis as collateral.

Bank and Investment Accounts – If you have funds in the bank you can use that as collateral. Additionally, bonds, stocks, certificates of deposit, and investment products can be used as bail collateral. The bail bonding agent will need to verify the account by phoning the bank or investment firm.

Miscellaneous Items to Sell – If you are unable to use a home, vehicle or other items as collateral, the bonding agent may accept a grouping of several items that can be sold or pawned if need be. Some examples include laptops, cell phones, gaming systems, firearms, and more.

Jewelry, Coins, and Precious Metals – The bonding agency will often accept gold or silver coins or ingots, valuable coins, or pieces of jewelry with precious stones (diamonds, sapphires, emeralds, and rubies). In most cases, the item must be appraised for market value by a professional in the field before they are accepted as collateral.

What Else to Know

Court cases can take some time to be resolved and you might be without the full use of your property for some time. The main point to keep in mind is the need to ensure that your loved one shows up for all court meetings so that you will have your property returned to you. Speak to bond company such as HB Bail Bonds to find out more about collateral and bail bonds.