Posted Bail For In King
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FAQ
No - if you signed the bond it doesn't matter whether you have a job or not - or whether the bondsman asked you if you did. You are liable as surety on the bond - having a job or not has nothing to do with your liability. Sorry.
Bailing someone out of jail who has a history of untrustworthy behavior can create headaches. You're essentially agreeing to put up 10 percent of a bail bond that could be tens of thousands — or even hundreds of thousands — of dollars. If they fail to show, then you went to all that extra trouble for nothing.
Yes, there's a possibility that your credit score could get hurt if you co-sign for a bail bond.
Before giving us a call, make sure you have the following information handy: The full name of the person who was arrested. Where is the person being held for custody (you should include the name of jail, city, and county) The person's booking number.
Bail information is considered public record in the State of California, meaning that anyone (not only defendants themselves) can request this info. The details can be accessed via the Public Access to Court Electronic Records (PACER) system or the Criminal Intake Section.
Anyone can post your bail bond. Usually you will go through a bail bondsman so you put up a small percentage of the bail, but you forfeit that once the bond a returned. To qualify you need to have credit and collateral. If your bail bond is $100K ...
Having a cosigner does not impact your FICO score. A loan where you brought on a cosigner, is treated no differently than a loan where no co signer was present.
The decision to post bail for someone should not be taken lightly. Financially, you risk losing the bail amount or collateral if the defendant fails to appear in court. Legally, the defendant's absence can lead to arrest warrants and additional charges, complicating their legal situation further.
Bail bond agents may demand you repay the full sum, which could be upwards of $100,000 in some cases. You also risk damaging your relationship with the defendant. If you co-sign their bail bond and they abscond, you could lose them as a part of your life.
