Proverbs 6 – No-Sign On a Loan

“My son, if you have put up security for your neighbor, if you have shaken hands in pledge for a stranger, you have been trapped by what you said, ensnared by the words of your mouth. So do this, my son, to free yourself, since you have fallen into your neighbor’s hands: Go—to the point of exhaustion— and give your neighbor no rest! Allow no sleep to your eyes, no slumber to your eyelids. Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.”

Proverbs‬ ‭6:1-5‬ ‭NIV‬‬

There are things we, in society, think are helpful to people. We might co-sign on a car loan with our friend, neighbor, or child so they can get the vehicle they want/need. But it’s is interesting, this kind of care listed in Proverbs 6 is lumped in with shaking hands in pledge with a stranger.

Point being, whether you and the person are close doesn’t change how this will now affect your life. You will be on the hook if they don’t or can’t pay. Creditors will come for your things…or more importantly, you good name.

The scripture advises us to be diligent in getting out of the arrangement. Possibly by finding a way out but also the regular way, which is the person who takes out the loan pays it off. The tension that pressure a person can put on a loan receiver, crushes relationships. This is one of many reasons it is ill advised to co-sign on a loan.

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