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.

Some FAQs About Bailing A Friend Out Of Jail

Finance & Money Blog

If you have a friend call you who has been arrested and they ask if you can bail them out, then you are going to want to know about the process. If this is something that you have never had to go through with someone before, then you probably have plenty of questions about how things work and what is expected from you when you do go to bail them out. Here are some of the most common questions people ask when they are about to bail someone from jail.

Can you ask the bail bondsperson for legal advice?

A lot of people find themselves trying to get legal advice from the bail bondsperson because they assume the person knows a lot about the law. The fact remains, even if they do know a good deal about the law, they are not lawyers and therefore do not offer legal advice or counsel. However, the bail bondsperson will be very informative and helpful when it comes to educating you on everything you need to know about bail bonds and the process. 

What will you be agreeing to when you decide to bail someone out?

When you decide to bail someone out of jail, you are guaranteeing they are going to make it to their court dates. It is important to remember that you can work closely with the bail bondsperson, as the co-signer. So, if you start to have any concerns about the way things are going with the person you bail out, the best thing for you to do is to get in contact with the bondsperson and share your concerns with them, because there are options they can discuss with you that can help you. 

What will the bail amount be?

In order for you to determine what the bail amount is, you want to wait until your friend calls you to let you know, or you can go to a bail bondsperson and they will be able to find this information for you. You will need to give them basic information on your friend for them to locate the information on the bail. When it comes to how the amount of the bail is set, it will ultimately be determined by the judge, but there will be a lot of contributing factors such as the charges, your friend's criminal history, their flight risk, etc. 

What happens if it is nighttime?

It doesn't matter if it is late at night, the weekend, or even a holiday — you will be able to reach a bail bondsperson 24 hours a day, 7 days a week because they are always open or on call, so they will become available if someone needs them.


16 August 2021