Bad Credit: Options for Refinancing a Mortgage

Like many people, the recession hit me pretty hard. Thanks to a job loss, I got behind on some of my credit cards. Even though I did mange to make the mortgage payment every month, my credit rating nose-dived. While things did get better, I still wondered if it would be possible to refinance my mortgage with bad credit. After talking with a few lenders, I found out that my situation was not unique. I also found lenders who were willing to work with me. I managed to get terms that will save me money over the life of that mortgage. If your credit has taken a beating, don't assume that refinancing is out of the question. I'll share how I researched options and found a lender who offered a good deal. You could find that refinancing your mortgage is within your reach.

3 Reasons You May Be Required to Check In After Receiving a Bail Bond

Finance & Money Blog

Depending on the circumstances, some bail bond agencies do require that clients check in on a scheduled basis after the agency has bonded that individual out of jail. If you are required to check-in, you will be expected to stop in at the agency and potentially sign a paper or speak to someone to prove that you are still in the area. Agencies are allowed to set their own requirements for clients in some states, so expect that you or someone you may know will need to complete their check-ins. Here is a look at a few reasons why you may be required to do periodic check-ins after receiving a bail bond.

1. Check-ins may be required because you are considered a flight risk. 

Some people who end up in jail and subsequently get bonded out with a bail bond are considered a flight risk. When someone is deemed a "flight risk," it means there is a higher chance that they will leave town and not return to court as they are supposed to do. Therefore, the bonding agency is taking a bigger chance with the transaction and will want to secure the transaction by making sure the person stays in town where they can go to court a scheduled when the time arrives. 

2. Check-ins may be required because you have not offered collateral for the services.

If there is a higher financial risk involved with your particular bond and you did not put up anything for collateral, check-ins may be a requirement with your bail bond transaction. Some agencies do this because they can be held financially liable for a substantial amount of money by the court system without any form of collateral. In cases when the bond amount is especially high, check-ins are quite common because there's a high chance that the client will skip paying their agent. 

3. Check-ins may be required just out of standard operational measures. 

In some cases, it is nothing about you specifically or your case that leads an agency to require check-ins; some agencies just require all clients to check-in. In these cases, it is more common that the agency will require you to check in with a simple phone call to the agency with a clear, traceable local number. However, some agencies do also require physical, in-person check-ins just the same. Make sure you find out what is expected of you so you can adhere to the guidelines as a client. 

Contact local bail bonds services to learn more. 


12 May 2020