Don’t Cosign for Another Person’s Debt!
Dear Lord, I pray for wisdom for those who give their eyes no sleep or their eyelids no slumber until they are free from having bound themselves to pay for another’s debt. In Jesus’ name, amen.
Never agree to pay for someone else’s debt, for if he or she defaults, you must repay it.
Proverbs 6:1-5 (ESV) argues a person should urgently plead with your neighbor to release yourself from any obligations.
“My son, if you have put up security for your neighbor,
have given your pledge for a stranger,
if you are snared in the words of your mouth,
caught in the words of your mouth,
then do this, my son, and save yourself,
for you have come into the hand of your neighbor:
go, hasten, and plead urgently with your neighbor.
Give your eyes no sleep
and your eyelids no slumber;
save yourself like a gazelle from the hand of the hunter,
like a bird from the hand of the fowler.”
Avoid entanglements that can cost you dearly. If the other person were to default, you could be in serious trouble. The creditors can and will hold you responsible because you agreed to pay back the debt. Don’t let yourself get into such a situation.
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