These days, even eligibility requirements for bail bonds include gainful employment, good credit and/or a cosigner. If defendant lacks employment or good credit, a cosigner can still help them access fast, quality bail bonds service in Peoria AZ.
What’s the Need for a Co-Signer?
A bail bond is a bond agent’s promise to pay bail in full if the defendant vanishes before or during trial proceedings. To protect their investment and keep from acquiring debt, bond agents impose eligibility requirements for those seeking a bail bond.
Some bond agents prefer that defendants have a job and decent credit. Other bond agents require the defendant to have a co-signer. The co-signer agrees to take on the responsibility of paying full bail to the court if the defendant flees.
Guarantors & Indemnitors
The bail bond co-signer doubles as a guarantor and an indemnitor. As a guarantor, the co-signer makes certain that the defendant attends all court dates. As the indemnitor, the co-signer accepts the task of paying full bail if the defendant reneges.
Costs, Payment, Financing
Throughout The Lower 48, bail bonds cost approximately 10 to 15 percent of whatever full bail amount the court imposes. Bail amounts depend on charges, severity of the crime and criminal history.
The bail cost is a premium for the bond agent, a nonrefundable fee. Commonly accepted forms of payment include cash, cashier’s checks, credit cards and PayPal.
