We are reminded of the liabilities debt brings upon us. One of burdens of borrowing and falling into debt is posting collateral. Today’s readings remind us that the dangers of putting down collateral does not just apply to us when we are in debt but it also warns of situations when we cosign for a family member, friend, or neighbor. Whether we are posting collateral as a security for ourselves or if we are cosigning, it is still a dangerous aspect of debt, and today’s reading reminds us that all situations will create a sense of slavery to debt. Making debt our master is not in the best interest of our spirit because God is our one true master and it is Him who we should follow and love.
Proverbs 20:16 NKJV – Take the garment of one who is surety for a stranger, And hold it as a pledge when it is for a seductress.
Proverbs 11:15 NKJV – He who is surety for a stranger will suffer, But one who hates being surety is secure.
Proverbs 22:26-27 NKJV – Do not be one of those who shakes hands in a pledge, One of those who is surety for debts; If you have nothing with which to pay, Why should he take away your bed from under you?
Proverbs 6:1 NKJV – My son, if you become surety for your friend, If you have shaken hands in pledge for a stranger,
Proverbs 6:3 NKJV – So do this, my son, and deliver yourself; For you have come into the hand of your friend: Go and humble yourself; Plead with your friend.
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