One of the most idiotic things anyone can do is to co-sign for a loan. Regardless of who you are helping, the statistics prove that the co-signer ends up paying the loan off over 50% of the time. Consider the reason one would ask you to co-sign for them. They know you will pay the loan off if they cannot, and their track record proves they either don't pay off their debt, or they never had a loan before.
The Scripture I have chosen to comment on today's Proverb, are verses 1-5.
My son, if you become surety for your friend,
If you have shaken hands in pledge for a stranger,
You are snared by the words of your mouth;
You are taken by the words of your mouth.
So do this, my son, and deliver yourself;
For you have come into the hand of your friend:
Go and humble yourself;
Plead with your friend.
Give no sleep to your eyes,
Nor slumber to your eyelids.
Deliver yourself like a gazelle from the hand of the hunter,
And like a bird from the hand of the fowler.
Proverb 6:1-5
