Who Can Be a Co-Signer?

Who Can Be a Co-Signer?

When someone that you care about is in trouble, you aren’t worried about how you are related to them. All you care about is helping that person. This is definitely the case when it comes to bail. You just want to help someone out, and when it comes to bail, that is all that matters.

Some people mistakenly believe that you have to be related to someone to post their bail. However, that is not the case. The only requirements for bailing someone out of jail are being California residents and knowing enough about the person to fill out the paperwork. Primarily, this means knowing the person’s name, date of birth, and the county where he or she was arrested.

When a person agrees to help bail someone out of jail and signs the contract for the bail bond, they become a co-signer. They become responsible for making sure payments are made on time and that their loved one behaves while out on bail. There can be multiple co-signers on a bail bond, which can help make things easier for each signer. Having multiple signers is good because if one qualifies for a discount, they earn it for everyone.

The best co-signers are the ones who are financially stable. They have steady, well-paying jobs and have had them for a while. Co-signers like this will get better deals than other signers, however, this does not mean that you have to have a perfect financial history to be a co-signer for a bail bond. Anyone can be a co-signer.

Here at Cal Bail Bonds in Los Angeles, we understand how important it is for you to rescue your friend or family member from jail. We don’t care if you are related to the person or not. If you want to bail them out of jail, we will help you. Some of the benefits that we provide for our clients include:

• 24/7 Bail bond service
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with a working signer

• Se habla Español

 

For a free consultation at any time, just call 877-793-2254 or click Chat With Us now.

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Do You Need Collateral to Post Bail?

Do You Need Collateral to Post Bail?

There are a lot of different aspects to bailing someone out of jail. Some things, such as giving information about a loved one to a bail agent, are easier to understand. Other things can be completely new concepts to people. One example of this would be collateral. Some people have never heard the term before and have no idea what it means or how it applies to bail.

Collateral is something that often pops up when large sums of money are being loaned to others. In its simplest form, collateral is something of value that a client pledges as an insurance that they will pay back the loan. The collateral has to be equal to or greater in value to the amount of money loaned. If the client fails to pay off their loan, then the company keeps the pledged collateral as payment for the loan.

Collateral can be any sort of item as long as both the client and the company agree that it has value. The larger the loan, the more valuable the collateral has to be. Some examples of collateral include jewelry, cars, and homes.

When it comes to bailing someone out of jail, a lot of bail bond companies require their clients to pledge something as collateral. This makes an already stressful situation even worse. Luckily, there is an alternative, just contact Cal Bail Bonds in Los Angeles. We don’t require collateral on most of our bonds. More often than not, we just need the signature of a working co-signer.

Some of the other services we provide for our clients include:

• 24/7 Bail bond service
• 20% Discount
• Phone approvals
• 0% Interest payment plans
• No hidden fees
• No collateral with working signer
• Se habla Español

 
When you need help with bail, you can always count on Cal Bail Bonds in Los Angeles. Unlike our competitors, we don’t require collateral on all of our bonds. In most cases, we are happy with just the signature of a working co-signer. We don’t want to stress our clients out by requiring collateral.

For more information on collateral and bail, feel free to talk to a bail agent by calling 877-793-2254 or clicking Chat With Us now.

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Benefits and Risks of Bail Bond Co-Signers

Cerritos Bail Bond Store

Dealing with an arrest is an incredibly stressful and tense time, not just for the individual, but for their loved ones as well. There will be some bickering, but there should be mostly figuring out how to get through this situation together. Multiple parties will be involved in some way or another: the defendant, a bail bond company like Cerritos Bail Bond Store, employers who may need to know, friends, family, a lawyer, and a co-signer.

This all sounds pretty straight-forward, but not the co-signer. What is a co-signer, and what do they do?

A co-signer is needed for the bail bond portion. This person assumes responsibility of the defendant to see that they show up for their court appointments. If the defendant does not, the co-signer will face consequences, such as needing to pay monetarily or relinquishing any collateral they pledged.

In the instance that the defendant goes rogue to their bail release conditions, not all has to be lost for the co-signer, if they act in time. At any time, the co-signer can withdraw from their position and responsibilities of the defendant. The defendant will then be taken back into custody until he or she can get another co-signer for their bail bond. The original co-signer will not face additional consequences for asking to be withdrawn from the bail bond, except for maybe a bit of their relationship with the defendant.

If you would like more information on bail bonds and co-signer roles, speak with Cerritos Bail Bond Store anytime online or at 877-793-2245.

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