Surety

Surety. This topic pops up as yesterday, my in-laws were receiving a sermon akin to this topic. Interestingly, todays FB Meyer, it is from Proverbs 22, and it mentions about 22:6. Coincidence? Nay. God’s timing I perceive.

http://www.pbministries.org/Landmark_Baptist/Seminary/Bible_Study_Courses/Proverbs/DH_proverbs_chap22.htm

Proverbs 22:26 “Be not thou one of them that strike hands, or of them that are sureties for debts.” Repeating the warning of Proverbs 6:1 and 11:15. See notes there. It is normal and usual for a person to be willing to stand good for those of his own family, and so it may be that this must be understood in the context of the angry and furious man, (v. 24). The earlier verses warned against being surety for so called friends and strangers: here against being pressured into it by fear of a man’s temper. Without a doubt, any acting as surety ought only to be done after much careful thought, if at all.

http://www.pbministries.org/Landmark_Baptist/Seminary/Bible_Study_Courses/Proverbs/DH_proverbs_chap06.htm
Proverbs 6:1 “My son, if thou be surety for thy friend, if thou hast stricken thy hand with a stranger.” “Surety” is one who stands good for, or guarantees some one else. Its first appearance, in Genesis 43:9, shows its meaning. “There is a warning here, as elsewhere in this book, against all kinds of suretyship. Compare 11:15; 17:18; 20:16; 22:26-27; 27:13,” [Carroll]. The world is full of human leeches who are willing to take advantage of the good-hearted, but gullible, and they often use the Christian’s natural desire to do good to defraud him. They often profess to be friends (in need) when in reality they are strangers (to honesty). The Christian is not obligated to give to every request for help; sometimes it is sin to do so, if it encourages laziness, sloth, dishonesty, etc.

http://www.pbministries.org/Landmark_Baptist/Seminary/Bible_Study_Courses/Proverbs/DH_proverbs_chap11.htm
Proverbs 11:15 “He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure.” See Proverbs 6:1 and notes there. The danger of becoming a pledge for a stranger is obvious, for many people make fulltime livings preying on the naïve and gullible. “Smart” is “to be in evil,” or “to be broken;” in either case, not a desirable condition. It is an act of wisdom to hate being a pledge for anyone, but especially for a stranger. This is the only sure way of not being defrauded by strangers, and of not losing one’s good friends. Someone has said that “The best way to lose a good friend is to loan him money or to sign a loan with him.” None is required to stand good for every one else’s debts.

This is interesting. Surety aka guarantor is discouraged. Personally likewise, I personally discourage too. However, what about for folks that we know, family and closer friends? Whilst this is definitely a general warning to all, there are many jobs that requires a guarantor, such as banking, insurance, loans, etc. So how? We are stuck with many of such decisions all the time. For many of us, we have loan (read as donated) much money to others who had been in need. BUT DO NOTE, in Proverbs 22:26, the context is on dept. To a layman sense, it is about being a guarantor for someone who has a debt (once you take loan, you are in debt), and you are liable to pay for the loaner. That’s as far as I can read that in a plain sense. PBministry added more details, which I agree to.

Not being a good conversation starter, nor even holding up a conversation, I used this topic to start a chat with my dad in-law today.
Shared as well that interestingly, the bible not only teaches about spiritual stuffs, but about “how to live” too. 🙂

Praise and thank God for his word.

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~ by ymsim on 2010/06/28.

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