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May 28, 2022

Scripture:

PROVERBS 5:1-7:27

Money and Friendship

Save yourself like a gazelle escaping from a hunter, like a bird fleeing from a net.
Proverbs 6:5

My Takeaways

Something Old

I really want to hate what God hates.

For there are six things the Lord hates—no, seven: haughtiness, lying, murdering, plotting evil, eagerness to do wrong, a false witness, sowing discord among brothers.
Proverbs 6:16-19 (TLB)

Something New

Women and money, two things that have been known to cause men to stumble and get them all tangled up.

Son, if you endorse a note for someone you hardly know, guaranteeing his debt, you are in serious trouble. You may have trapped yourself by your agreement. Quick! Get out of it if you possibly can! Swallow your pride; don’t let embarrassment stand in the way. Go and beg to have your name erased. Don’t put it off. Do it now. Don’t rest until you do. If you can get out of this trap you have saved yourself like a deer that escapes from a hunter or a bird from the net.
Proverbs 6:1-5 (TLB)

  • Securing a debt removes the responsibility from the one who took out the loan.
    If thou pledge thyself in behalf of another, thou takest the burden off him, and placest it on thine own shoulders; and when he knows he has got one to stand between him and the demands of law and justice, he will feel little responsibility; his spirit of exertion will become crippled.” – Adam Clarke
  • If you secure a debt, be aware of the consequences and be ready to assume them.
    This wasn’t really like loaning someone money, nor exactly like cosigning a loan. In modern financial terms, it was more like guaranteeing someone’s open line of credit.” – Derek Kidner
  • If you secure a loan for someone, hurry to clear your name from it.
    Becoming surety is folly because the surety makes promises for the future that he cannot control Moreover, he has handed himself over to the debtor, who may unmercifully throw him into the hands of the creditor.” – Bruce Waltke

Generosity shouldn’t supersede wisdom and common sense when it comes to guaranteeing a loan.

Should a Christian co-sign a loan?

Something To Do

Pray before I sign my name on someone’s debt.

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