When you are working to obtain a bail bond, having a cosigner on the bond helps you by vouching that they believe you will appear in court. This cosigner is a person who is taking financial responsibility for the bond if you do not appear in court on your required date.
Cosigners are evaluated based on a variety of factors beyond simply being able to provide the payment for the bail bond. They should have a good credit history, job history, and in general be a reliable individual who can be counted on to either hold the defendant accountable for going to court or pay for the bond if the defendant skips bail.
This cosigner, in many cases, won’t have to place items up for collateral if the bond is low enough, but in some cases, especially if the cosigner does not have excellent credit or a solid job history, collateral may be necessary for the bond to go through. It is important to consider what you are willing to lose, if you are cosigning a bail bond with someone you care about. As a cosigner, you become responsible, and you should feel confident that your friend or relative will not abuse that trust.
In many cases, one cosigner is enough on a bail bond, but your individual circumstances may require some other arrangement if your cosigner doesn’t have the means to cosign alone. The flight risk level of the person being bailed out of jail also has an impact on the need for cosigners as well as the cost of the overall bond.
Consider carefully, both when you are asked to cosign and when you are asking someone to cosign this is not an arrangement to enter into lightly.
When you are ready to work with a local bail bondsman to cosign on a bail bond, consult the Bail Agent Network to find a local bail bondsman near you.