Definition of a Co-Signer

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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 c...