There are a lot of places out there that require clients to put something up as collateral when a lot of money is involved. This can include getting a bail bond. Bailing a loved one out of jail can be a costly venture, which is why some bail bonds required collateral. If you did not know, collateral is something of value equal to the amount of money being lent, or in the case of a bail bond, the amount of the bail bond itself. If the client does not pay all of the money owed, then the company keeps the collateral.
Some people might find this a bit alarming, but do not worry. There are bail bond companies out there that do not require collateral, companies like Anderson Bail Bond Store. We usually require something else in its place, something much simpler. All we require, is the signature of a working co-signer. To us at Anderson Bail Bond Store, that signature shows that the client has confidence in his or her loved one, which is enough for us.
If you are looking to bail a loved one out of jail, having good co-signers is important. They can make the bail bond much more affordable for everyone involved.