Hidden Nuggets Series #102: “Do not be one of those who shakes hands in a pledge, one of those who is surety [ cosign ] for debts.” – Proverbs 22:26
If you’ve ever had a situation where a friend or family member asked you to cosign a loan you know it’s a tough spot to be in. On the one hand you want to help. But the idea of being responsible for someone’s debt has you a little squeamish.
Say “Yes” and you are opening yourself up to financial risk.
Maybe as you thought think about what to do, you should have considered asking this question: “What does God have to say about it? Would He want me to cosign for this loan?” It may never have occurred to you to seek advice from a higher power.
The truth is God talks a lot about money in the Bible. He even has advice about cosigning which really surprised me when I found it. For anyone, but especially people of faith, His advice is worth listening to.
God’s Advice on Whether to Cosign