05 Jan Definition Of A Co-Signer
The role of a co-signer is to provide their legal obligation to be financially responsible for another person’s dues if that person fails to make good on those dues. Having a co-signer for a legal purpose allows more room and flexibility for the first person to make adjustments and meet more ideal goals. For example, co-signers are commonly used for paying loans, rent, and even bail bonds.
A bail bond gets one person out of jail. Someone has to pay for the bail bond, whether it is the defendant and/or friends or family members. The bail bond will need a co-signer, which provides more security for the bail bond company. If the defendant misses a payment, their co-signer will face the financial consequences, unless they choose to remove their name from the bail bond before hand, which co-signers can do. This is a right of co-signers to protect themselves in case they feel the defendant is not good for their word.
To learn more about the role of co-signers, what is expected of them, and their rights when it comes to bail bond rights, talk to a professional bail agent at San Bernardino Bail Bond Store online or at 909-888-7007. Consultation is FREE, so ask all your bail-related questions to get them answered and explained to you. Don’t forget to ask about bail bond discount and cheap bail bonds we offer. We are open 24/7 for your convenience, so call us at any time.