Have you recently learned that your friend has been arrested? Are you trying to bail her out of jail, but wondering if you can be a co-signer on the bail bond? If so, you have nothing to worry about. Any adult, someone 18 or over, can be a co-signer for a bail bond.
The real question you should be asking is if you can get any discounts for being a co-signer. Here at Penny Fianzas in Palmdale, we are able to offer a 20% discount off the price of the bail bond for qualified co-signers. Qualifying for this discount is simple. All a co-signer has to do is meet just one of the following requirements.
To get the discount, a co-signer needs to either:
- Have a private attorney.
- Be a homeowner.
- Be a union member.
- Be a member of the military.
- Be a member of AARP.
As long as one of the co-signers on the bail bond meets one of these requirements, everyone gets to enjoy the discount. With the discount, the bail bond will only cost 8% of the bail, not the usual 10%. For example, if your friend’s bail is set at $20,000, the bail bond would normally cost $2,000. With this discount, that same bail bond would only cost $1,600. The great news is, this discount gets better the higher the bail is set at, so it can really come in handy.
It is important to pick co-signers for a bail bond carefully, since you want to make sure everyone can afford to pay for the bail bond. On top of that, you want to make sure that you have a co-signer that helps you qualify for the discount.