If a friend or a relative asks you to co-sign on a loan for them, should you do it? If you are not sure what to do, God has some advice for you. Proverbs 22:26- 27 reveals the following: “Don’t agree to guarantee another person’s debt or put up security for someone else. If you can’t pay it, even your bed will be snatched from under you.”
Note 2 self: Probably not a good idea to co-sign in general but if you do, better make sure you got the“loot” (cash) to cover the debt. Proceed with caution if you must, my friend. Many a relationship has been ruined because the borrower did not pay back the loan or was late on the payments thus impacting the credit of the co-signer. If you co-sign, consider it your loan because in the end, it might just be. To the question, should I co-sign? It’s your call, but remember Proverbs 22:26-27. Word to the wise: Getting your bed snatched from under you is NOT COOL.
Blessings to you all, my friends.
Daniel
The Note 2 Self Guy