We understand there’s nothing more stressful than learning a family member or a loved one has been arrested! That news alone can send you into an emotional spiral leaving you trying to figure out what you can do to help them. One common way people will help their loved ones is by co-signing for their bail bond. What does it mean to cosign on a bail bond in Wichita, KS? In today’s post we’re going to answer a valid question – should you cosign a bail bond? In this post we’re going to look at what cosigning means and what the responsibilities are for the cosigner.
What Does It Mean to Cosign?
Now when you’re thinking of cosigning for a friend or loved one it’s important to know what you’re getting into. Cosigning for a friend or loved ones bail bond isn’t just a sign of approval, that you think they’re a good person, or that you will do anything to get them released. Co-signing for a bail bond is a legally binding document that means you are taking responsibility for their release. Let’s take a look at what that means.
Paying Bail Bond Fees
As a co-signer you are responsible for paying your friend’s or loved one’s bail bond fees. Bail bonds commonly cost 10% of the total cost of bail. To learn more about how the bail amount is set, speak with one of our bail agents. By agreeing to cosign on their bail not only are you agreeing to pay for their bail but you will also pay any premium fees.
Now that you know your responsibility for co-signing stay tuned for our next post that will outline your responsibilities after they’re released. Do you have questions regarding bail bonds or posting bail in Wichita or Sedgwick County? Contact our qualified team at 316-755-5142 today to learn how we can help you!