Pay Plan Requirements
Although we are not in favor of payment plans, many of our competitors over the years have began a bidding war staring at 7% down, then 6%... 5%... 4%... 3%!
Needles to say we are upset with that and are going to stop the bidding...
THREE PERCENT DOWN!
1. Bail must be $10,000.00 to $50,000.00 Contempt of Court, Failure to Appear or Pay Fines are not eligible. (lower bails at 5% down).
2. Signer must have; Verifiable Employment and been steadily employed for a minimum of 3 years.
3. Must produce; Pay Stub, ID, Proof of Residence.
4. Signer(s) and Defendant Must be a NJ Resident and US Citizen.
5. Auto Deduction from Credit Card, Debit Card or Checking Account.
PAYMENT TERMS
1. Minimum Weekly payment is $100.00 (unless approver for lower payment).
2. If defendant is arrested for any reason the unpaid balance is due in full with in 7 days of arrest.
3. If the matter is resolved prior to the balance being paid, the unpaid balance is due in full with in 7 days of adjudication.
12. If a payment is missed the balance in full is due on demand.
(We may demand payment or work out a solution).
If for any reason payment defaults the signers are responsible to pay the Collection Agency Fee and any Attorney or Court Costs in connection with any legal action taken to recover payment on the account.
3% Down* Offer based on 3 of the 10% premium of the face value of the bail bond. Certain conditions apply. Applicants must be gainfully employed and be able to produce pay stubs, I.D. And proof of residence. Number of co-signers based on risk model including total of premium owed and credit worthiness. For complete details call. All Payment Plans are subject to approval. All Signers and Defendant must be a NJ Resident and US Citizen.
In accordance with the New Jersey Department of Banking and Insurance the Premium charged must be the rate on file with the NJDBI.
In our case the premium is 10%. Discounting of Bail Premium is a violation of the law. Interest, Finance Charges and Late Fees are only allowed to be collected by a licensed premium finance company. All unpaid premium balance must be collected, any delinquent or accounts in default must be and will be refered out to a collection agency to abide by this requirement.
Needles to say we are upset with that and are going to stop the bidding...
THREE PERCENT DOWN!
1. Bail must be $10,000.00 to $50,000.00 Contempt of Court, Failure to Appear or Pay Fines are not eligible. (lower bails at 5% down).
2. Signer must have; Verifiable Employment and been steadily employed for a minimum of 3 years.
3. Must produce; Pay Stub, ID, Proof of Residence.
4. Signer(s) and Defendant Must be a NJ Resident and US Citizen.
5. Auto Deduction from Credit Card, Debit Card or Checking Account.
PAYMENT TERMS
1. Minimum Weekly payment is $100.00 (unless approver for lower payment).
2. If defendant is arrested for any reason the unpaid balance is due in full with in 7 days of arrest.
3. If the matter is resolved prior to the balance being paid, the unpaid balance is due in full with in 7 days of adjudication.
12. If a payment is missed the balance in full is due on demand.
(We may demand payment or work out a solution).
If for any reason payment defaults the signers are responsible to pay the Collection Agency Fee and any Attorney or Court Costs in connection with any legal action taken to recover payment on the account.
3% Down* Offer based on 3 of the 10% premium of the face value of the bail bond. Certain conditions apply. Applicants must be gainfully employed and be able to produce pay stubs, I.D. And proof of residence. Number of co-signers based on risk model including total of premium owed and credit worthiness. For complete details call. All Payment Plans are subject to approval. All Signers and Defendant must be a NJ Resident and US Citizen.
In accordance with the New Jersey Department of Banking and Insurance the Premium charged must be the rate on file with the NJDBI.
In our case the premium is 10%. Discounting of Bail Premium is a violation of the law. Interest, Finance Charges and Late Fees are only allowed to be collected by a licensed premium finance company. All unpaid premium balance must be collected, any delinquent or accounts in default must be and will be refered out to a collection agency to abide by this requirement.