When a person is arrested for something, there is an opportunity to post bond in order to be out of jail before going to trial. Unfortunately, a lot of people find it very difficult to afford a bond that can be thousands of dollars. That is why getting a loan for bond money is something that a lot of people seek when they are in trouble.
There are many advantages to taking out a loan like this, but it can be pretty costly as well. For starters, companies are going to charge quite a bit of interest because they are pretty much taking a rest on a person when they give this type of coverage.
If a person is on able to pay off the loan, they could face quite a bit of that. Even worse, they could actually go to jail for not paying a loan that actually got them out of jail.