If you have cosigned a note for someone, the bible says quickly plead to have the lender remove your name off the debt, otherwise your belongings are subject to be taken when the debt isn’t paid. Many cosigners have had to pay debts because the people for whom they cosigned failed to pay them. Don't fall out with others because you failed to make the right decision by refusing to cosign for their debts. After all, your failure might be one of the reasons they haven’t become responsible in paying their creditors.
You must discern satan's strategy to tempt you to waste your money on the material desires of those who mismanage their money and desires. When a true need exists, instead of cosigning for a loan, it is best to give the person cash or resources on hand – money and things that are not required to meet your tithing, offering, and bill payment responsibilities.
In most instances, you must know a person reasonably well to know whether or not he/she is truly in need. Yet, when the Holy Spirit directs you to help, you must do it in compliance with His will, regardless of your observation of the person, without cosigning for him/her and within the limits of resources you have on hand. Without delay refuse every request to cosign, yet encourage each requester to use biblical money management principles to help him/her become good stewards over their resources.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 11:15, 17:18, 20:16, Romans 13:8, Ephesians 5:15-17
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You can find books authored by Randy Parlor and Karen Parlor at www.Amazon.com
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