myth series 2

MYTH 2: IF YOU LOVE YOUR FAMILY AND FRIENDS, LOAN MONEY TO THEM, CO-SIGN WITH THEM.

TRUTH 2: THE BEST WAY TO STRAIN A RELATIONSHIP IS TO LEND, COSIGN OR LOAN MONEY TO YOUR FAMILY AND FRIENDS.

Reality is it takes as small as P5,000 to destroy a relationship. When the Bible says that the Borrower is servant to the lender - it is VERY SERIOUS.

Anyone who owes money to someone no matter how small has taken the place of a servant. I have relatives who are now in deep DEBT because they co signed a loan. They guaranteed something they can't really guarantee.

Proverbs 17:18 (Contemporary English Version)

18It's stupid to guarantee someone else's loan.

Rarely would God use the word STUPID. It says a lot!!!