Pondering the Principles of Proverbs
or agreed to guarantee the debt of a stranger--
if you have trapped yourself by your agreement
and are caught by what you said--
follow my advice and save yourself,
for you have placed yourself at your friend’s mercy.
Now swallow your pride;
go and beg to have your name erased.
Don’t put it off; do it now!
Don’t rest until you do.
Save yourself like a gazelle escaping from a hunter,
like a bird fleeing from a net. (Pro. 6:1-5)
In this day and age of high prices and our desire for “high-ticket” items, this section may seem a little antiquated.
Let's see, however, if there is not some modern-day wisdom that can be gleaned from this.
The writer is obviously speaking about co-signing for a loan, and he writes that if we have already done that, then do everything possible to get out of it.
Get out NOW!