Will Posting Bail Hurt My Credit Score?

When a person is arrested on moderate to serious criminal charges, it can take some time for a judge to set their bail. But in most states, minor infractions and misdemeanors generally have set bail amounts that are automatically assigned depending on the charges. This allows a person to post bail within hours of being arrested. Once they are processed into the jail’s database, it is time for them to make that dreaded phone call that no one wants to make or get: the call to get bailed out of jail.

Whether a person is having a loved one co-sign for their bail bond, paying the entire bond amount, or posting their own bail, they always have questions. And one of the most common questions has to do with credit scores. Almost everyone wants to know if posting bail will negatively affect their credit score. Continue reading to learn the facts.

Bail Bonds and Credit Scores

Co-signing for a bail bond, or posting bail in general, will not negatively affect a person’s credit score. It simply cannot. However, the means by which you pay for posting bail can. For instance, if you max out a credit card to pay the entire bond amount for a release from jail, and then your payments are delinquent, it will impact your credit score. Also, if you put up collateral (such as your house) and then violate the bond agreement, you could risk losing your asset and be forced to file for bankruptcy.

Most often, a person’s credit score is affected by bail bonds when they are unable to pay the bail bond agency and then sent to collections. If you are worried about your credit score, but need to bail a loved one out of jail, talk to a trusted bail bond company in the same county. They will educate you on the truth about bail bonds and credit scores, and perhaps work with your budget to obtain a safe and secure release from jail.

Hamilton County Bail Bonds

Hamilton County Bail Bonds

Hamilton County Bail Bonds 317-919-2489

Call Uptown Bail Bonds at 317-919-2489 for prompt and professional bail bond services in Hamilton County, Indiana. We are friendly, compassionate, and experienced Indianapolis bail bondsmen that can get you out of Hamilton County Jail at a moments’ notice. That’s because we offer emergency bail bonds 24 hours a day and 7 days a week. Call 317-919-2489 when you need Hamilton County bail bonds, fast.