If a close friend or family member is arrested, they may ask you to cosign their bail bond. This allows them to get out of jail until they need to return to court for the next step in their case. While you don’t want to leave your loved one behind bars, it’s important to know what you’re getting into when you cosign a bail bond. Find out below.

FAQ: Cosigning a Bail Bond

What is a bail bond?

After being arrested, a person may be required to pay a fee to get out of jail while their case is pending. Known as bail, this guarantees that they will return to court. When people can’t afford the fee, they seek help from a bail bondsman who posts the sum for them.

What does a cosigner owe financially?

Typically a cosigner must pay ten percent of the total bail amount to the bondsman. As a cosigner, you may also be asked to provide collateral. This can mean cash, or even a vehicle. If the accused person does not appear in court, the entire bail amount must be paid.

How much is bail?

The ten percent owed for a bail bond depends on how high bail is set — this can vary widely. If someone is charged with a violent crime and viewed as a potential danger, for instance, their bail will be higher.

What are the cosigner’s other responsibilities? 

When you cosign a bail bond, you are not only committing financially; you are also signing a promissory note. From that point on, you are partially responsible for ensuring that the accused attends all scheduled court proceedings and adheres to any requirements related to their bond.

Who can cosign a bail bond?

To qualify as a cosigner, you must be a legal U.S. citizen, have lived in the same geographic area for a certain amount of time, and have a stable income. You must also undergo a credit check. 

Abailable Bail Bonds of Plainville, CT, provides 24-hour bail bond services throughout the state of Connecticut. With their help, you can get your loved one out of jail quickly, day or night. With over 20 years of experience, they are known for their professionalism and efficiency. For your convenience, they even offer payment plans. Find out how these work online. If you’re in need of their services right now, give them a call at (860) 221-5565.