“One who has no sense shakes hands in pledge and puts up security for a neighbour.“ (Proverbs 17:18)
I heard a wonderful Jewish saying; “ A guarantor is a schmuck with a pen.” Humorous? Yes, but actually quite profound in its significance to us in business. Personal guarantees and pledges of various kinds can lead to disastrous unintended consequences.
Whilst on some occasions commercial situations will compel us to be under these circumstances there is biblical wisdom in ensuring we look at alternatives whenever possible.
Quick Prayer. “Give me wisdom to discern well in this area Lord.” Amen