May 14 2007

Verse of the Day: Don’t Let Your Bed Be Snatched

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26 Don’t agree to guarantee another person’s debt or put up security for someone else.
27 If you can’t pay it, even your bed will be snatched from under you.

Proverbs 22:26-27 (NLT)

This is another great verse on the dangers of co-signing a loan for someone else. The Bible says much about guaranteeing another’s debt. If they can’t pay it, the creditors will be coming after you for the payment. Isn’t it interesting that the Bible can be so relevant today even though it was written thousands of years ago?

When you see the financial advice in the Bible and don’t follow it, you’ll get burned. That’s what’s called being foolish! Don’t be a fool and let your bed be snatched from you.

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