Proverbs 11:15
He that is surety for a stranger shall smart
for it:
and he that hateth suretiship is sure.
Surety
in the bible is kind of like co-signing or being the collateral for another
person. We must be very cautious about
this. When we lend to anyone the bible
says to lend without expecting repayment.
This means that if we commit to lend someone money we must be willing to
not get paid. We should not lend if we
are not willing to take a loss. If we
commit ourselves as collateral for someone we have to be willing to cover if
they fail to pay. The best bet is not to
cosign according to this verse so that others’ financial decisions will not
have to interfere with relationships and trust.
You have the right to say no to this and save a relationship. If you pray and sense you are to come
alongside someone in this manner, be willing to take the loss of the money and
keep the friendship if, indeed, they fail to pay. Use wisdom.
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