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.

Why Do I Need a Bail Bondsman to Get Out of Jail or Turn Myself In?

It is a dreaded phone call; one that can never come at a good time. It is a situation that no one ever really wants to be involved in. Both, the loved ones and the arrestee, do not want to go through the bail bond process, but both want a release from jail to happen. So what do most people choose to do?

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Bail Bond Process

When bailing a loved one out of jail in Indianapolis, you only have a few options to choose from. The first option is to not help the arrested friend or loved one at all and let them sit in jail until they are released on their own recognizance, or until their schedule court hearing; whichever one comes first. The second option is to bail them out by paying their bond in full with cash. The third option is to bail them out of jail using a bail bond. Most people choose to bail a friend, loved one, or co-worker out of jail, and they usually choose to do so using a bail bond.

Bail Bondsmen

The easiest and most cost effective way to gain a defendants release from jail is to contact a local Indianapolis bail bondsman in the same county the jail is located. They will have all the information you need to proceed with the bail bond process. They will explain how the process works, how long to expect it to take, how much their bond amount is, what forms to fill out, what pieces of identification you need, and much more. Many bail bond companies provide additional customer conveniences like jail pickup and drop off services for those who choose to bail themselves out of jail, and free inmate searches. Be informed and prepared to pay 10% to 15% of the total bond amount. Bail agents are not legally allowed to charge more or less than these percentages. So if the defendant’s bond total is $5,000, you would pay anywhere from $500 to $750 to bail them out of jail; a non-refundable fee. Beware that many Indiana jails also charge a $5 benefit fee on top of the bail amount.

Just a few more reasons to consider hiring a bail bondsman in Indianapolis…

• Money Savings – 10% is Needed…Not the Full Amount of Bail
• Privacy and Convenience
• Local Knowledge of Court System
• Can meet you at the Hendricks County Jail
• Understand what paperwork is needed
• Long-Standing Relationships with Local Jails and Courthouses
• Discretion

Woods Bail Bonds

Bail Bonds Madison County Indiana 812-333-3399

Bail Bonds Madison County Indiana 812-333-3399

Call Woods Bail Bonds at 317-876-9600 for fast and secure bail bond services in Indianapolis, Indiana. Owner, James Woods, and his team of highly trained and professional bail bondsmen, are licensed, bonded, and insured with decades of experience. We offer free jail information, inmate searches, jail pickup and drop-off services, notary services, discreet bail bonds, full bail coverage, and much more. Call 317-876-9600 for fast and reliable Indianapolis bail bonds today.