Bail bond collateral is sometimes required by the bail agent or bail bond company to secure the bond and ensure the defendant’s appearance in court. Collateral can be anything considered “of value” that a defendant pledges to secure the bond, such as cash, property, or jewelry. Upon complete resolution of the defendant’s case and payment of all premiums in full, the collateral will be returned to the indemnitor.
When looking for cosigners to obtain collateral, bail bond companies have various standards for which they look. To write a bail bond for a defendant’s release, they need to see some of the following factors:
A cosigner that is working a full-time job for at least a year that has decent credit. (Credit checks are at the discretion of the bail bondsman/underwriter.)
A cosigner that is retired and has decent credit. (Credit checks are at the discretion of the bail bondsman/underwriter.)
Forms of collateral are by signature, credit card promissory agreement, credit card charge (full collateral), DOT (deed of trust), meaning property, and sometimes vehicle titles.
At A-Affordable Bail Bonds, we determine all collateral by the discretion of the bail bondsman or underwriter of the bond that you are negotiating with at our office. We are more than happy to discuss options of collateral with you to determine whether or not we can successfully negotiate the bail bond being written and posted to the jail for the defendant. Contact us at 1-888-695-8950 to request a bail bond.