How A Bail Bond Works?
What Is A Bail Bond? When a person is arrested for being suspected of committing a crime, they are either held in prison or released on bail. Bail is money that a defendant pays to the court to be let out of jail. This is meant to assure that the defendant will show up to court. What Is A Bail Bond Agent? Very often a bail is set at thousands and thousands of dollars. As in the case of many people, if a defendant finds themselves unable to pay the bail, they can seek out the services of a bail bondsman. A bail bondsman can post the bail allowing the defendant to get out of jail. In turn, the defendant must pay the bail bondsman typically ten percent of the total bail amount. What Happens If I Cosign A Bail Bond? Through co-signing a bail bond, you the cosigner are liable financially to pay the full amount if the defendant fails to appear in court. This can, obviously, be a very financially risky move as your house or other property may potentially be up for forfeiture. Wh