Scripture warns against the dangers of cosigning a loan, as it can lead to financial and relational difficulties. In Proverbs, the wisdom of avoiding such agreements is emphasized, with verses such as Proverbs 17:18 and 11:15 cautioning against putting oneself at risk for another's debt. The book of Proverbs also teaches that borrowing and lending can lead to slavery to the lender, as seen in Proverbs 22:7, and advises against pledging to guarantee someone else's debt, as warned in Proverbs 22:26-27 and illustrated in the example of Proverbs 6:1-5. By heeding these warnings, individuals can avoid financial entanglements and maintain healthy relationships.
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A man lacking judgment strikes hands in pledge and puts up security for his neighbor.
He who puts up security for a stranger will surely suffer, but the one who hates indebtedness is secure.
Do not be one who gives pledges, who puts up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?
My son, if you have put up security for your neighbor, if you have struck hands in pledge with a stranger, if you have been trapped by the words of your lips, ensnared by the words of your mouth, then do this, my son, to free yourself, for you have fallen into your neighbor’s hands: Go, humble yourself, and press your plea with your neighbor. Allow no sleep to your eyes or slumber to your eyelids. Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.
Be indebted to no one, except to one another in love. For he who loves his neighbor has fulfilled the law.
My son, if you have put up security for your neighbor, if you have struck hands in pledge with a stranger, if you have been trapped by the words of your lips, ensnared by the words of your mouth, then do this, my son, to free yourself, for you have fallen into your neighbor’s hands: Go, humble yourself, and press your plea with your neighbor. Allow no sleep to your eyes or slumber to your eyelids. Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler. Walk in the manner of the ant, O slacker; observe its ways and become wise. Without a commander, without an overseer or ruler, it prepares its provisions in summer; it gathers its food at harvest. How long will you lie there, O slacker? When will you get up from your sleep? A little sleep, a little slumber, a little folding of the hands to rest, and poverty will come upon you like a robber, and need like a bandit. A worthless person, a wicked man, walks with a perverse mouth, winking his eyes, speaking with his feet, and pointing with his fingers. With deceit in his heart he devises evil; he continually sows discord. Therefore calamity will come upon him suddenly; in an instant he will be shattered beyond recovery. There are six things that the LORD hates, seven that are detestable to Him: haughty eyes, a lying tongue, hands that shed innocent blood, a heart that devises wicked schemes, feet that run swiftly to evil, a false witness who gives false testimony, and one who stirs up discord among brothers. My son, keep your father’s commandment, and do not forsake your mother’s teaching. Bind them always upon your heart; tie them around your neck. When you walk, they will guide you; when you lie down, they will watch over you; when you awake, they will speak to you. For this commandment is a lamp, this teaching is a light, and the reproofs of discipline are the way to life, to keep you from the evil woman, from the smooth tongue of the adulteress. Do not lust in your heart for her beauty or let her captivate you with her eyes. For the levy of the prostitute is poverty, and the adulteress preys upon your very life. Can a man embrace fire and his clothes not be burned? Can a man walk on hot coals without scorching his feet? So is he who sleeps with another man’s wife; no one who touches her will go unpunished. Men do not despise the thief if he steals to satisfy his hunger. Yet if caught, he must pay sevenfold; he must give up all the wealth of his house. He who commits adultery lacks judgment; whoever does so destroys himself. Wounds and dishonor will befall him, and his reproach will never be wiped away. For jealousy enrages a husband, and he will show no mercy in the day of vengeance. He will not be appeased by any ransom, or persuaded by lavish gifts.