28 Mar The Role Of A Bail Bond Co-signer
The Role Of A Bail Bond Co-signer
A part of being eligible for a bail bond is the need to find someone who will co-sign your bail bond. This person is known as a co-signer. The co-signer agrees to be financially responsible to pay the full bail amount monetarily or with collateral they pledged to put up such as property, vehicles, jewelry, or even weapons. If a person fails to appear at their court appointment when they are asked, then the assets that were put up will be confiscated. This is quite a lot to ask of a co-signer, so if they agree to this, then they must have a high degree of trust in that individual to not let them down.
The co-signer is risking a lot, but at the same time, they do have rights to protect themselves from losing everything in the case that they feel one might not be as trustworthy as they claim. The co-signer can express their concern with the bail bond company to revoke the bond and then have that individual to go back to jail. In the event of this circumstance the co-signer will not lose their money or their collateral.
Learn more about co-signers and whether or not you will need one for by contacting Dos Palos Bail Bonds Store today. We want to make sure that you have all the information before asking someone to be your co-signer; or agreeing to co-sign on someone else’s bail bond.