We are reminded of the liabilities debt brings upon us. One of the burdens of borrowing and failing 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 — "Take his garment that is surety for a stranger: and take a pledge of him for a strange woman."
Proverbs 11:15 — "He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure."
Proverbs 22:26-27 — "Be not thou one of them that strike hands, or of them that are sureties for debts. If thou hast nothing to pay, why should he take away thy bed from under thee?"
Proverbs 6:1 — "My son, if thou be surety for thy friend, if thou hast stricken thy hand with a stranger..."
Proverbs 6:3 — "Do this now, my son, and deliver thyself, when thou art come into the hand of thy friend; go, humble thyself, and make sure thy friend."
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