What is a Bail BonD Co-signer & Will I Need One?

During the Bond Process, there is a possibility you could be asked to provide a co-signer. Just like a car loan, often co-signers are needed to deal with the risk associated to the loan. When someone is arrested and charged with a crime, they may have the option to post bail in order to be released from jail while they await their trial. However, bail can be quite expensive, and many people are unable to afford to post bond on their own. This is where a bond co-signer comes in.

What is a Bond Co-Signer?

What exactly is a bond co-signer? A bond co-signer is someone who agrees to take financial responsibility for the defendant's bail if they fail to show up for their court date. Same thing for a co-signer on a car-loan. When a bond co-signer signs the bail bond agreement, they are essentially agreeing to pay the full amount of the bail if the defendant fails to appear in court.

What is the Role of the Co-Signer?

As mentioned before the co-signer is someone who agrees to take financial responsibility for the bail if the defendant fails to appear in court. This can be a risky proposition for someone to take and if you do, you may be called upon by the bondsman to provide info to locate the defendant if they are not showing up to court. If the defendant is not showing up to court, the co-signer must sign a legal agreement stating that they will pay the full bail amount if the defendant doesn't show up for their court date.

Why Would Best Price Bail Bonds Require a Co-Signer?

The simplest answer is it is about risk! If Best Price Bail Bonds requires a co-signer, it is because as a company we are looking to reduce the risk in case the defendant fails to appear in court. Which does happen! When a defendant fails to show up for their court date, the bail bond company loses the full amount of the bail that was provided on behalf of the defendant. By requiring a co-signer, Best Price Bail Bonds has someone else to turn to in order to recoup the losses if the defendant fails to appear in court.

Who is Eligible to be a Co-Signer on a Bond?

In order to be eligible to be a bond co-signer, you first need to be a U.S. citizen or permanent resident who is at least 18 years old and has a stable source of income. Second, you must also have a good credit score and be willing to take on the financial responsibility of the defendant's bail. Typically, a co-signer is a family member or close friend of the defendant.

We are available 24/7 for fast and reliable bail bonds. Call us directly to start the process of securing your bail bond at 325-451-7456. Scan the QR code below to add us to your phone contacts.

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