July 6, 2012
Proverbs 6:1 “My son, if thou be surety for thy friend, if thou has stricken thy hand with a stranger, thou art snared with the words of thy mouth, thou art taken with the words of thy mouth.”
The Bible is the guide to salvation and is the inerrant Word of God. Should we not also look to the Bible to aid us in our human life—financially, physically, and emotionally? Of course we should! Herein, Solomon tells people not to be surety for a friend with a stranger. If we co-sign a loan, even today, on credit reports the co-signer is shown as the responsible party (not as a co-signer). We automatically become the guarantor. Without fail, it seems, something can go wrong. I co-signed fifteen years earlier so my son could establish credit, which was necessary for a young man. Over the next fifteen years, the loaner had arbitrarily raised his credit limit to $25,000.00 without my knowledge. When he could not make payments, I was responsible for the $15,000 owed. Luckily, I was able to work out a deal (greatly in their favor) and pay it, but if I had not, I could be taken to court for restitution.
Good business sense is taught by the Bible and we should look for help in the Bible before making any decision.
Lord, we love you today and thank You that Your Word can be applied and trusted on any of life’s decisions. When we give our word on anything or about anyone, Lord, let us research your Word and apply it to our choices. For your service we live.. Amen.
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