Sometimes, the arrest news of a family member shakes the body from top to bottom, and if it is a time of financial crisis, you will be unable to manage the bail amount. People run to get the bail bonds services, but they are denied because they have nothing to give as proof. You do not need to get a loan or ask for money from your friend, but get a bail bond co-signer who can guarantee to the agent on your behalf.
If you are reading this, then you are the one who is wondering about what a co-signer is and who can be eligible for it. You are not the only one in the row; almost all the residents are unfamiliar with the law-related information. So come with me to see the criteria for the co-signer and see the best services provider in the state, Bring ’em Home 24/7 Bail Bonds.
Who Is A Co-Signer According to Texas Laws?
A person who signs the contract with the bail bondsman on your behalf is known as the “cosigner.” Here, you might imagine why someone would need such an individual. Because bondsmen do not rely on the people and their promises. Instead, they ask defendants to give something that offers their guarantee; otherwise, they cannot help.
In case an individual is suffering from financial instability plus does not own any property, including land, house, or car, as well as lost his job, he needs a co-signer. Basically, bond service providers invest their money on your behalf, and when a subject is unable to give anything in return, he has to find an indemnitor.
Being a guarantor of the defendant, you ensure that the defendant will appear in all the hearings. You submit a check to the agent in order to compensate the expenses he managed on behalf of the arrested person. Furthermore, a bail bond co-signer promises that the arrested person will follow the compliance regulations, or you will pay the full bail amount in case he skips court.
Basic Eligibility Requirements for Co-Signers in Texas
Not everyone can be an indemnitor; a subject must meet the standards; otherwise, their guarantee will be rejected by the agent. The intended indemnitor must see the instructions explained below before they step outside to submit a cheque on behalf of their imprisoned family member.
Age: The bail bond co-signer must be at least 18 years old. He should possess an ID and a driving license issued by the government. The bail bond company in McKinney, TX, might reject the appeal by a subject underage, according to the law.
Residency: Another important factor that plays a role is the residency of the indemnitor. He must reside in the Texas state or he does not have any chance to take his loved one out of the lock-up.
Financial Status: A provider, such as Bring ’em Home 24/7 Bail Bonds, has to verify whether the guarantor is financially stable to lift the burden of their friend or family member or not. For this, the agent might ask for the bank statements or confirmation of your employment.
Credit History: Being a bail bond co-signer is not as simple as it seems; one has to provide all the details, including the credit history. If an individual is unable to maintain a good record, he can’t be endorsed.
Is the Bail Bond Co-Signer Responsible?
The purpose of having an individual who can be your indemnitor is to secure the amount the company has paid on your behalf. Let’s say the defendant runs out of the state, disappears to avoid the punishment, or does not attend the court on schedule, the bail will be canceled. It is also possible that the culprit has to face excessive charges.
On the other hand, the guarantee of an indemnitor provided to the agent of bail bond services in Collin County, TX, will ask you to pay the full amount of bail. Simply put, the co-signer will be responsible for anything that happens in the future. Otherwise, if he refuses to post money, then his assets might be seized by the company.
Who Typically Bail Bonds Co-Signs in Texas?
You have seen the standards for the indemnitor, but might be confused about who can be one. There is also a criterion for the person who is willing to be the guarantor. See the instructions provided below:
Family Member
Mostly, a co-signer is a family member. It can be your spouse, father, mother, or independent offspring. Furthermore, the extended members can also post for the bail bond on your behalf, such as an uncle, a cousin, an aunt, or a grandparent.
Friends or Partners
In case your relatives are not helping you out of the prison, you can make any friend or a partner as a bail bond co-signer. The partner does not refer to the wife, but it could be your girlfriend or boyfriend. However, that individual has a long-term relationship with you and strong financial resources. Otherwise, he can offer collateral as security and be a guarantor.
Employers or Business Partners
Let’s say you are arrested due to business-related matters, then the partner or employee also becomes a bail bond co-signer. In rare cases, the agent of bail bond services in Wylie, TX can accept your valuable staff member or the business collaborator as the guarantor.
Disqualifying Factors
Not all the relatives, family members, friends, or personnel can be your bail bond co-signers. It is recommended that they do not have certain conditions, such as not being a criminal or bad credit history.
- A culprit himself cannot be his bail bond co-signer according to the laws of Texas.
- Those individuals who already have a criminal record, whether they are close ones, cannot be the indemnitor.
- In case the guarantee is offered by someone who is bankrupt, his request will be rejected by the service provider.
- All those people who have unverified income sources cannot become bail bond co-signers.
Documents to Be Indemnitor
Once you have seen the criteria and the people who are eligible, you need to collect the documents. These papers are highly essential, and if one is missing, the request will be declined by the company of Bail Bonds in Rockwall, TX, like Bring ’em Home 24/7 Bail Bonds.
- An intended person must have an ID document.
- An intended person must have a state-issued security card.
- An intended individual has to provide proof of residency.
- A subject who wants to be a bail bond co-signer needs to submit bank statements.
- If the individual is retired, then give the income statements.
- An intended person must provide proof of asset ownership.
Tips to Protect Yourself as a Guarantor
Because being a bail bond co-signer is a responsibility-driven task, that’s why majority of people avoid being one. But there can be a situation when your loved one is arrested and looking for help, while you do not want to take the full responsibility in the contract required by the bail bond service in Lavon, TX, or any other city. Making a lame excuse might affect your relationship with your friend, so follow the pro tips to proceed from there.
Clear Explanation: Rather than giving him a hope or making lame excuses, an individual can provide a clear explanation with reasons why he can’t be the bail bond co-signer.
Kind & Straightforward Answer: Instead of bluffing around, subjects who do not like to be indemnified need to give a “no” policy while telling them the issues they might face in the future.
Offer Alternative Help: Do not make your friend completely upset; try hard to find him a bail bond co-signer so he can get out of the lock-up by offering him similar alternatives.
Get Professional Assistance with Bring ’em Home 24/7 Bail Bonds
Searching for the best bondsman is extremely complex. Some charge more than 10% while others are unavailable for 24/7 services. Additionally, there are agents claiming themselves as experts but with a low bail approval record and weak feedback related to their solutions.
Rather than relying on such a person, you can get the services of Bring ’em Home 24/7 Bail Bonds. They have a long and proven record with a 99.99% approval ratio. Not only this, their agents are always available to assist you with paperwork and posting the bail. It is up to you whether you choose an expert or go for the local provider.
Summary
A bail bond co-signer plays a critical role in the release of the culprit. Sometimes, trusting clients is complex for the bondsmen; that is why they demand the indemnitor. In case you are troubled and face the same condition, you can see the criteria for a co-signer and find one in your family, friends, or business network. Ensure that the intended person meets the eligibility standards; otherwise, you will be unable to secure a contract with the company. Contact us to help your loved one be released from the detention center.
Being a bail bond co-signer is tough, as one has to take all the responsibilities of a person who is charged by the court. Therefore, if you can take the full responsibility of the person and can face the risks in case he does not appear in court on the scheduled dates, then you should go ahead. Furthermore, ensure that the documents you are providing are authentic and certified by the relevant authorities because submitting false papers can lead to the cancellation of the deal with the bondsman, and as a result, taking the loved one out of prison will seem impossible.
