Bail Bond Collateral is sometimes required by the bail agent or bail bond company. Collateral is used to secure and/or guarantee the bond and ensure the defendant’s appearance in court. Collateral is anything of value that is pledged to secure the bond, such as cash, property, jewelry, etc. Upon complete resolution of the defendant’s case and payment of all premiums in full, the collateral is returned to the indemnitor.
A-Affordable Bail Bonds looks for the following types of cosigners to obtain collateral from when writing a bail bond for a defendants release:
- 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.
All collateral is determined by the discretion of the bail bondsman/underwriter of the bond that you are negotiating with at our office. We are more than happy to discuss any and all 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.
Please call us at the number below and we will be glad to assist you with any and all of your bail bond needs.
For More Information Call A-Affordable Bail Bonds 888-695-8950