30 Oct What Is The Point Of A Co-Signer?
When looking into getting a bail bond, a person is bound to run into the term co-signer. Some people may wonder what a co-signer is, and why they are so important to the bail bond process.
A co-signer is a person who is willing to sign the paperwork for the bail bond. This person is taking responsibility for the bail bond, meaning he or she needs to keep the defendant in line and make sure that payments are made on time.
Luckily for the co-signer, he or she does not have to do it alone. There can be multiple co-signers on a bail bond, which helps spread out the weight and responsibility.
As mentioned earlier, one of the primary roles of the co-signer is to make sure the defendant stays out of trouble. If a defendant gets into more trouble with the law while out on bail, he or she could be rearrested. If this happens, the co-signer would still need to finish paying off the bail bond. There is good reason for the co-signer to make sure the defendant stays out of trouble and goes to all of his or her court dates.
Another, lesser known reason for having co-signers on a bail bond, is it shows confidence in the defendant. The more people who are willing to co-sign the bail bond, the more confidence the bail bond company has in the defendant. This shows that friends and family members believe that their loved one will not run, and go to all of his or her court dates. The more co-signers that you can get for a bail bond, the better a deal the bail bond company can offer you.
As you can see, co-signers are extremely important to the bail bond process. They can greatly affect the cost of the bond, and make it more affordable for everyone involved. If you want to bail someone out of jail, be sure to get some friends and family members to help co-sign the bail bond with you.