margaretoliverblog

America: Can It Be Great Again

SURETY

SURETY:

            At no time in God’s financial provision, did He ever say we were to sign or in this economic system to be involved in surety.  What exactly is surety?  Surety is a “promise by one party to assume responsibility for the debt obligation [of another]” (Wikipedia.com).  Surety in modern day banking is being a co-signer or authorized user on a financial obligation.

   May had previously called Kate complaining about her bank account was recently garnished due to signing for her daughter’s tuition to a private college in Danville, California.  She went on blaming the devil but Kate quickly reminded her of the principle. The writer of Proverbs distinctly states that if we sign and use surety on behalf of another, we will certainly suffer (Proverbs 11:15).  We are simply not the shake hands for the debt of another person (Proverbs 22:26).

            As the conversation continued, Kate was constantly emphasizing to May that we have to take responsibility for our actions, and entering into unwise financial transactions involving surety will hurt us.  When it comes to surety, the financial world system has the right to take action whether it’s through liens or garnishments because when people sign, they are obligated to that business (Proverbs 20:16).

 

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