13 May Lynwood Bail Bond Store Agents – What Is A Bail Bond Co-Signer?
The fastest way to get your loved one out of jail is to secure a bail bond. In order to do this, there needs to be someone willing to co-sign for it. This means that the co-signer is responsible for seeing that the bail agent receives his or her rightful 10% of the full bail amount. This is the fee paid for their services. In addition, the co-signer is responsible for making sure the defendant meets all his or her court appearances.
Of course, there are risks to agreeing to be a co-signer, the biggest one being the co-signer being responsible for paying the full bail amount if the defendant misses a court date. First, there will be fees, and those fees will rack up the more the defendant is missing. Eventually, the co-signer may need to meet the full bail amount if the defendant does not reappear within the allotted grace period. The co-signer could lose the collateral he or she put up – money, property, valuables, etc.
Calculate the risks of being a person’s co-signer before making the commitment. It may seem unfair for co-signers to be punished in the name of the defendant, which is why the co-signer must truly evaluate their trust on the defendant. However, most defendants understand what is on the line not just for themselves, but also for their trusted co-signers. They don’t want to risk more than they already have.
You can learn more about the responsibilities of a cosigner by contacting us at LaBailNow.com or calling 323-261-2611. We protect the defendants but we also want to protect the cosigners. We have a great track record of success stories so you need not worry when you’re in the hands of Lynwood!