Understanding What Happens When you Co-Sign for a California Bail Bond
Learning a loved one has been arrested is a shocking experience. Most people have a knee-jerk reaction that compels them to say that they will do anything to help out, including serving as a co-signer for the bail bond. The problem is that many people agree to do this without first finding out exactly what their duties as co-signer really are.
The first thing you need to understand is that there is a little more to agreeing to be a co-signer for a California bail bond than simply vouching for your loved one’s character and swearing up and down that they’re innocent. While we do care about your loved one’s character when it comes to following bail rules and not trying to flee, we’re really not concerned about whether or not they’re innocent. Our main concern is helping them get released from jail so that they can work and take care of their family while they wait for the court to handle their case.
As your loved one’s co-signer, you’ll have to sign a bail bond agreement. This agreement is more formally called an indemnity agreement. This agreement clearly lays out how much bail is required, information about our 10% fee, the terms connected to your loved one’s bail, and if collateral is needed what type is used to secure the bail bonds. If we’ve agreed to a payment plan, that will also be discussed in the bail bond agreement that you and your loved one sign.
In addition to co-signing the indemnity agreement, you’ll also be responsible for:
• If collateral is required to secure the bail bond, you’ll have to provide it
• Make sure that everything you tell us about both yourself and your loved one is 100% truthful
• Helping us make sure your loved one follows the condition of their bail.
In order for us to accept you as a co-signer for your loved one’s bail bond, you must:
• Have suitable assets to secure the bail bond
• Have proof of a stable income
• Have a satisfactory credit score
If you want to know more about the California bail bond program and what it means to be a co-signer for a bail bond, you should take advantage of our free consultation program that’s available 24/7. During this consultation, you’ll speak to a highly experienced bail bonds expert who will happily help you decide what your best course of action should be.
For a free consultation, all you have to do is 805-256-3032 or click the Chat With Us now.