When looking into bailing a friend or family member out of jail, you will come across the term co-signer quite often. As you may have guessed, this term is for a crucial part of the bail bond process. Do not worry if you do not know what this term means, there are a lot of people out there who have no clue.
A co-signer is someone who is willing to sing the contract for a bail bond. By signing, he or she is agreeing to take responsibility for the friend or family member being bailed out. Co-signing a loved one’s bail bond is a huge responsibility because if your friend or family member misses a court date, the bail bond company will go after the co-signer. As a co-signer of a bail bond, it is your job to make sure that the bail bond payments are made on time and that your loved one makes it to all of his or her court dates.
The co-signer also plays an important part in the process of making a payment plan for the bail bond. The payment plan is based off of the co-signer’s finances, so the more financially stable the co-signer, the better the deal you can get on the payment plan. If you think you are not the financially strongest of co-signers, do not worry, there can be more than one co-signer on a bail bond, which can make the bond much more affordable for everyone.
If you have more questions about bail bonds and co-signers, feel free to contact the professional bail agents here at Lancaster Bail Bonds. Our bail agents are available 24 hours a day, 7 days a week, to assist our clients whenever they need help most.