Learning a loved one has been arrested is a shocking experience. Most people have a knee-jerk reaction that compels them to say that they will do anything to help out, including serving as a co-signer for the bail bond. The problem is that many people agree to do this without first finding out exactly what their duties as co-signer really are.
The first thing you need to understand is that there is a little more to agreeing to be a co-signer for a Tennessee bail bond than simply vouching for your loved one’s character and swearing up and down that they’re innocent. While we do care about your loved one’s character when it comes to following bail rules and not trying to flee, we’re really not concerned about whether or not they’re innocent. Our main concern is helping them get released from jail so that they can work and take care of their family while they wait for the court to handle their case.
As your loved one’s co-signer, you’ll have to sign a bail bond agreement. This agreement is more formally called an indemnity agreement. This agreement clearly lays out how much bail is required, information about our 1% to 5% fee, the terms connected to your loved one’s bail, and if collateral is needed what type is used to secure the bail bonds. If we’ve agreed to a payment plan, that will also be discussed in the bail bond agreement that you and your loved one sign.
In addition to co-signing the indemnity agreement, you’ll also be responsible for:
In order for us to accept you as a co-signer for your loved one’s bail bond, you must:
If you want to know more about the Tennessee bail bond program and what it means to be a co-signer for a bail bond, you should take advantage of our free consultation program that’s available 24/7. During this consultation, you’ll speak to a highly experienced bail bonds expert who will happily help you decide what your best course of action should be.
Here at Iowa Bail Bonds, we understand exactly how difficult a single arrest, even for minor charges, can be on your budget and we want to help.
The first way we help is by reducing how much bail money you need before you’re released. Rather than paying the entire amount, which is what you’d have to do if you decide to bail yourself out of jail, all you have to do is pay us 1% to 5% of whatever your bail is. That 1% to 5% is the only fee we charge.
We understand that in some cases, the 1% to 5% is difficult to come up with. Don’t assume that just because you don’t have 1% to 5% of the required bail that you’re out of luck. We still have some more options that are designed to make your life easier.
The first thing we try to do is set up a flexible payment plan. The goal of this payment program is to ease your financial burden as much as possible. The payment plan is fully customizable so that you have the best chance of staying on top of all your financial obligations.