Once You Co-Sign for a Bail Bond You Can’t Undo It

Bail Bonds Indianapolis 317-876-9600

Bail Bonds Indianapolis 317-876-9600

Before co-signing for a bail bond for someone you don’t know very well, you might want to consider the real-life consequences that go along with it. There are hundreds of bail bond horror stories about people co-signing on a bail bond for a friend, or a friend of a friend, and it back fires. For example, let’s say a girl co-signs on a bail bond for a new boyfriend she just met, only for that new boyfriend to skip bond and never be heard of again, leaving the girl legally responsible to pay the courts the forfeited
bond amount in full.

Keep in mind that the average cost of bond is between $20,000 and $30,000! There is no refund policy or “buyers’ remorse” when it comes to bail bonds. Continue reading to learn more about bail bond policies and how they work so that you can better understand the responsibility involved in co-signing for bail bonds.

Co-Signed Bail Bonds

Once a court issues a forfeiture after a defendant fails to appear for court or skips bond, the person who co-signed for the bail bond is responsible for paying the remaining amount. This is a highly undesirable financial obligation to undertake considering the average cost of bond is about the same as a brand new car. It is a big deal to co-sign for a bail bond for another person. This is why it is usually family, loved ones, and close friends that provide this type of assistance for one another.

To co-sign for a bail bond for a person you hardly know is a very risky situation for anyone who is not a millionaire. Signing the paperwork for a bail bond is not only agreeing to pay any monies that are due, it is also agreeing to make sure the defendant appears for all their scheduled court dates. No matter what the relationship situation is between a defendant and a co-signer, or how the relationship might change, the co-signer will be liable for the remaining bond amount if the defendant does not pay or fulfill their court-ordered responsibilities.

Woods Bail Bonds

Woods Bail Bonds Indiana

Woods Bail Bonds 317-876-9600

Call Woods Bail Bonds at 317-876-9600 for 24 hour bail bond services in Indiana. Owner, James Woods, and our team of professional bail bondsmen, are licensed bonded and insured, with years of experience in the bail bond industry. We offer various types of bail bonds and bail services in Indianapolis, as well as, all throughout Indiana. Call 317-876-9600 to get yourself or a friend out of jail today.

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