Motivation Tips from the Good Book – Standing Surety for a loan is not a good idea.
LOANS AND STANDING SURETY
My child, if you have put up security for a friend’s debt
or agreed to guarantee the debt of a stranger—
if you have trapped yourself by your agreement
and are caught by what you said—
follow my advice and save yourself,
for you have placed yourself at your friend’s mercy.
Now swallow your pride;
go and beg to have your name erased.
Don’t put it off; do it now!
Don’t rest until you do. Save yourself like a gazelle escaping from a hunter,
like a bird fleeing from a net.
Standing Surety for Loans
The Bible emphasizes this is not a good idea and could get you into great difficulty. the same goes for giving someone your Power of Attorney. Many folks have already experienced this truth. Do not become a statistic.
Woe to those who prey on elderly people especially. Their “reward” awaits in Eternity.
Disregarding this Biblical advice can trap you and mortgage your entire future. If you have been caught in such a situation, do what the Bible says and get out of it immediately.
You will be glad you did. And so will your children and grandchildren.
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