Underwriting

Thinking of helping out a friend?

The CEV Bible says …

“My child, suppose you agree to pay the debt of someone, who cannot repay a loan. Then you are trapped by your own words,  and you are now in the power of someone else. Here is what you should do: Go and beg for permission to call off the agreement.”

The Amplified notes say this…

“It is one thing to lend a friend money, and quite another thing to promise to pay his debts for him if he fails to do so himself.

It might cost one, under the rigid customary laws governing debt, his money, his land, his bed, and his clothing—and if these were not sufficient, he and his wife and children could be sold as slaves, not to be released until the next Year of Jubilee—fifty years after the previous one.”

God’s Word is very plain on the subject of not underwriting another person’s debts (see Prov. 11:15; 17:18; 22:26).

So if you are in that position now, reconsider.

Prayer – Lord, give us the Wisdom of God in these matters. Amen