BAIL BONDS NEWS

texting and driving

Texting and Driving in California

It doesn’t matter how many images of horrific wrecks insurance companies and auto agencies put out to warn drivers of ...
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Loitering in California

Loitering in California

For the most part, loitering is harmless and doesn’t bother anyone, but there are times when someone will object to ...
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Abandoned Cars in California

Abandoned Cars in California

California law states that any “vehicle which has been left unattended, standing, parked upon or within 10 feet of the ...
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3 Common California Felonies

3 Common California Felonies

The state and federal law books are full of felonies, but court officers, lawyers, and police officers will quickly tell ...
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Public Intoxication Laws in California

Public Intoxication Laws in California

Everyone knows that if you get behind the wheel and drive your car after you’ve had too much to drink ...
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Did You Know You Might Not Need Collateral

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There are a lot of places out there that require clients to put something up as collateral when a lot of money is involved. This can include getting a bail bond. Bailing a loved one out of jail can be a costly venture, which is why some bail bonds required collateral. If you did not know, collateral is something of value equal to the amount of money being lent, or in the case of a bail bond, the amount of the bail bond itself. If the client does not pay all of the money owed, then the company keeps the collateral.

Some people might find this a bit alarming, but do not worry. There are bail bond companies out there that do not require collateral, companies like Presidio Bail Bond Store. We usually require something else in its place, something much simpler...

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Do You Know What a Co-Signer Does?

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A co-signer is very important for a bail bond. This person is making a promise that the defendant he or she is bailing out, will go to all assigned court appearances. On top of that, the co-signer is paying for the bail bond, and the payment plan greatly depends on the co-signer’s financial situation.

Did you know, there can be more than one co-signer on a bail bond? Well, there can be. In fact, the more co-signers you have, the better the deal you can get on the bail bond. Having more financially stable co-signers gives bail bond companies more confidence in the client, while also dividing up the payments between multiple parties. Having multiple signers can also increase your chances of qualifying for a discount. If you can get multiple people to co-sign your loved one’s bail bond, ...

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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...

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