Co-Signer Removed Come Renewal Time?

[Bond Magician]

I currently have a surety bond now, but with a co-signer. If my personal credit has improved come renewal time, can I remove the co-signer, or do I have to have the co-signer for the duration of my bond?

[Surety Queen]

Originally Posted by Bond Magician

I currently have a surety bond now, but with a co-signer. If my personal credit has improved come renewal time, can I remove the co-signer, or do I have to have the co-signer for the duration of my bond?

I don't believe a co-signer can be removed from a bond. If your credit qualifies you for a standard market bond, your existing bond (with the co-signer) could be cancelled and replaced with a new bond. The co-signer is tied to the original bond by way of the indemnity agreement. That being said, surety companies handle these situations differently so it's best to check with your surety specialist to see what your particular situation warrants.