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What is collateral and why is it required?

collateral
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What is collateral and why is it required?

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A. Collateral, such as real estate and auto titles, are sometimes used as collateral to protect the bail bonds agency from loss from forfeiture. Oftentimes, collateral is not required if the co-signer has been employed in a fair paying job for an adequate amount of time and has a fair credit report.

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