How Much Collateral Will I Need?
Collateral can be a tough obstacle to deal with. It can make an already difficult situation worse by requiring you to put up something extra to reassure a company that they will get their money one way or another. Collateral helps out the company, but only causes more stress for clients. Here at Happy’s Bail Bonds in Bakersfield, our goal is to reduce stress, not add to it, which is why we try to avoid collateral.
For those unaware, collateral is an object of value that is pledged as backup payment for something. For instance, if a person is taking out a loan, they could pledge their car as collateral, provided it is equal to or greater in value than the amount of money being loaned out. Of the person misses too many payments, the company can take the car as payment. It is easy to see how this can become very stressful for clients.
At Happy’s Bail Bonds in Bakersfield, we don’t require this kind of collateral on most of our bonds. We prefer to use the signature of a working co-signer as collateral. What this means, is that as long as one of the co-signers is working at a good job, we won’t need any collateral.
This allows our clients to not worry about losing their house or car, and instead focus on helping their loved one get through this. After all, your loved one is going to need all the help they can get during this tough time. Luckily for you, Happy’s Bail Bonds in Bakersfield has your back. We provide all of the following for our clients:
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español
If you need to get a friend or family member out of jail and don’t want to have to worry about collateral, contact Happy’s Bail Bonds in Bakersfield. Most of our bail bonds don’t need any collateral other than the signature of a working co-signer. Avoid that unnecessary stress and get your loved one out of jail today by talking to one of our bail agents.