Talk to a debt counselor toll free:800-300-9550
Our Clients Rate Us Excellent
Based on 3234 reviewsTrustPilot Reviews
The costs associated with being jailed are likely to add to your debt. But the bigger issue is whether you’ll be able to keep current with your payments while incarcerated. If your incarceration lasts for some time it wouldn't be uncommon for you to get out of jail owing a lot more money than when you walked in.
This is why so many convicts choose bankruptcy.
Filing for bankruptcy can be helpful if you have a lot of unsecured debts like credit card debts and medical bills. But even at that you may still be saddled with non-dischargeable debts like alimony, child support, and student loans. You're still obliged to repay those debts or you'll end up piling on even more debt. Your car could be repossessed or you could be tossed out of wherever you’d been living for not paying your mortgage or your rent. And despite the bankruptcy, you may still have other outstanding debts that didn't get discharged and you will have to repay.
Is there any situation where if you're arrested you won't suffer any financial penalties?
The answer to this is probably not. The task of getting out of jail almost always costs something even if your charges are ultimately dismissed or you’re found innocent. Plus, the arrest will be a matter of public record that can affect you for the rest of your life – especially when it comes to employment. You could also lose your job even if you're incarcerated just for a short period of time. The reason for this is because you couldn't show up for your job and you now have a criminal record. Some employers don't want to deal with people anymore even if their charges were dropped. It’s the old “if he was arrested he must have done something’”.
Is there anything I could do to mitigate these financial dangers?
There is one thing you could do if you are arrested: have a person you can trust to handle your finances. If he or she isn’t able to pay your bills, they could call your creditors and let them know what’s going on while your locked up. While this should help, it won't completely eliminate the problems of having been arrested.
Your best option
While this is sometimes easier said than done your best bet is to stay out of jail. If you are stopped by a policeman for some minor infraction be calm and courteous nor matter how difficult that might be. Treat the policeman with courtesy and you might get away with just a ticket or not even that – if you catch him or her in a really good mood. If it's a more serious offense about the best you could do is try your darndest to raise bail so you could get out of jail as quickly as possible. The longer you're incarcerated the worse things are almost sure to become.