At 828 Bail Bonds, we understand that posting bail for a loved one can be financially challenging. That's why we offer deferred premium payments as a flexible option to help you release your loved one from jail without paying the full premium upfront. With our deferred premium payment plan, you can make easy payments over time and secure the release of your loved one quickly.
But it's important to note that making timely payments is crucial to maintain the benefits of the bail bond. As Michael Woody, Owner, and Chief Executive Officer of 828 Bail Bonds, explains, "We understand that unforeseen circumstances may arise, but it's important for our clients to communicate with us and make every effort to fulfill their payment obligations. If non-payment persists, we may have to consider surrendering the bond, which would result in the defendant being returned to the custody of the jail."
Here's what you need to know about our deferred premium payment option and flexible bail payment plans:
Flexible Bail payment plans: Our deferred premium payment plan allows you to make payments over time, making it easier to manage your finances. We'll work with you to create a payment plan that fits your budget so that you can secure the release of your loved one without undue financial strain.
Memorandum of Agreement: When some portion of the bond premium payments are to be deferred or paid after the defendant has been released from custody, a Memorandum of Agreement is executed between the principal (defendant) and the surety (828 Bail Bonds) as per North Carolina General Statute 58, Article 71, Section 167. This agreement outlines the payment terms and responsibilities of both parties, including the obligation of the bail agent to provide the client with a copy of each applicable completed Memorandum of Agreement.
Open communication: We value open communication with our clients. If you encounter any difficulties making payments as per the agreed-upon schedule in the Memorandum of Agreement, simply contact us. We may be able to adjust the payment plan or explore alternative options to help you fulfill your payment obligations.
Quick release: With our deferred premium payment option, you can get your loved one released from jail quickly, allowing them to return home and prepare for their legal proceedings.
The maximum premium rate in North Carolina: In North Carolina, the maximum premium rate that can be charged by a bail bonds company is 15% of the face value of the bond amount, as regulated by state law. While there is no minimum premium rate, at 828 Bail Bonds, we uphold industry standard rates, and all deferments of premium are at the discretion of the bail agent and 828 Bail Bonds.
Experienced guidance: Our team consists of experienced bail bond agents who will guide you through the process and answer any questions you may have. We'll ensure that you understand the policies and procedures associated with flexible bail payment plans, so you can confidently navigate the process and stay in good standing with your Bail Agent.
Don't let financial constraints hold you back from securing the release of your loved one. Choose 828 Bail Bonds for easy bail payment options and experienced guidance. Trust us to help you through the bail bond process and support you during this challenging time. Contact us today.