When you need to get out of jail, you usually have to pay bail to regain freedom, unless you were granted freedom upon personal recognizance. Personal recognizance isn’t terribly common protocol unless this is your first arrest and for a minor crime. So if you are not one of the lucky few that gets out on personal recognizance, you will need to pay your bail for your freedom. If you need help getting out of jail, get the help you need with Fort Worth bail bonds from PCS.
There are many ways you can pay your bail. While some enlist the help of a bail bondsman, some choose to pay out of pocket, or even worse, their credit card. There are many reasons why paying your bail with your credit card is a bad idea, and one of them is due to the fact that paying bail with credit can make your credit score go down. Get out of jail with the help of Fort Worth bail bonds to avoid a credit score disaster.
How Does Paying Bail With Credit Affect Your Credit Score?
Getting arrested is not the factor that can damage your credit score, information about your arrest isn’t reported to your credit company, However, paying your bail to get out of jail with a credit card can cause a credit score disaster.
Bail can be quite expensive. $2,500 is a very small bail amount, as even smaller crimes can require a bail of $10,000-$25,000. If your bail is set to $10,000, you have to pay the entire $10,000 before you get out of jail. This is generally why people tend to get help from Fort Worth bail bonds to avoid a credit score disaster.
You may have a credit limit of $10,000, but that doesn’t mean you should put your entire bail amount on your card. It is recommended that you don’t spend more than 30% of your credit limit on your card. Sharp spending increases can cause your credit score to decrease.
Just because you have a high limit doesn’t mean you should load up your credit card with bail charges. Credit utilization is usually about 30% of the factor that determines what your credit score is, and often the limit on your card can be more than you are able to pay at any given time, so it is never a good idea to max your credit out with bail.
Not to mention, if you use your credit card to help buy your groceries each week and you maxed it out at the jail on a Saturday morning, you will be struggling to put food on the table for you and your family. This is why we always recommend you get help with Fort Worth bail bonds to avoid a credit score disaster.
Keep More of Your Money In Your Pocket With The Help of Fort Worth Bail Bonds
Get help with Fort Worth bail bonds to avoid a credit score disaster. One of the main benefits to getting help from an experienced bail bondsman is the money you save. While $10,000 may be detrimental to your finances, $1000 is much better. Most bail bonds are 10% of the original bail amount, so this can significantly ease the stress and financial strain.
When your credit score gets too low, it can be more difficult for you to do the things you really want to do. If you are thinking of buying a house in the near future, making sure your credit is good is one of the best ways you can prepare. If you are looking to buy a house, you probably are already aware that you will need a loan. Loan interest rates will be higher for people with worse credit, and the overall amount of the loan will be smaller.
Keep more of your money in your pocket where it belongs and get help with Fort Worth bail bonds to avoid a credit score disaster. A bad credit score affects more than just how much you have to pay off next month. A bad credit score can have lingering effects that make your goals more difficult to accomplish.
Call PCS Bail Bonds
Call PCS Bail Bonds at (817)335-1655. Contact us to get the help you need with Fort Worth bail bonds from PCS. Don’t risk a credit score disaster, get out of jail with the help of Fort Worth bail bonds.
