Top Strategies For Financial Security
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Top Strategies For Financial Security

Hello, my name is Rhonda. If you have financial goals, this blog can help you achieve them. A few years ago, I realized that I didn't have a good plan for my future and I wondered if my financial needs would be met after I retired from my job. I immediately started planning for my future by speaking with a financial advisor and I learned a wealth of information at our meetings. By following the recommendations of my advisor and by learning everything I could about finances and money, I now feel very secure about my future. If you need financial help for retirement planning, college savings or even for an emergency fund, you can get sound advice by reading my blog. I believe that by following a few basic strategies, everyone can meet their goals and be financially secure.


Top Strategies For Financial Security

Posting Bail For A Coworker: Factors To Consider

Kent Cook

If a coworker has contacted you asking for assistance with their bail — you probably don't know what to do. On the one hand, you probably have some compassion for their situation, but at the same time, you might wonder if you know him or her well enough to take on such an obligation. Rather than rush to a decision, here are some factors you should weigh first. 

Out-of-Work Relationship

You should only consider helping your coworker with their release if the two of you have a relationship outside of work. If you only occasionally talk when you're working on a project for work, it might not be a good idea to extend yourself in this way for someone you don't know. On the other hand, if you've worked with this person for years, and even spent a holiday or two with them, you might be more comfortable with this process.

Consider Shame

It's easy to wonder why the person didn't call someone closer in their lives, such as a parent, sibling, or spouse. However, consider that it might not be that they can't call anyone, but instead, that they don't want the shame of telling them they've been arrested. This type of scenario is especially common if a person had problems with their record in the past and simply doesn't want to disappoint those closest to him or her. In this instance, if you're comfortable, it's okay to help the person out.

Judge Their Character

Always assess a person's character before you help them with a bail bond, even if it's not your coworker. A large part of your financial protection relies on the defendant showing up for any subsequent court proceedings. If the person doesn't show, the bail could be revoked, and you could lose any money or assets you've put up for collateral. Only make this commitment if you feel confident the person will meet their obligations.

Set up a Repayment Schedule

Bail bonds typically come with very little, if any, upfront cost. However, sometimes, the person applying for the bail bond is required to pay something similar to a processing or funding fee. While this amount is small, it's only fair that your coworker repays you for this expense. Set up an agreement for them to repay you before they're released and demand that they oblige by it upon their release.

If you decide to provide your co-worker with assistance, a bail bond company will be more than happy to explain the process with you and provide you with any additional assistance. You can refer to this post for more information on court bail bonds.