Proverbs 11:15 He that is surety for a stranger shall smart for it: and he that hates suretiship is sure.
In instances such as mentioned in the above verses, a person might be approached to co-sign on a loan application, or the person may be asked to stand as a guarantor, in case there is a default on some line of credit. And in other instances, a person’s good credit might be requested to be used in beefing up an otherwise shaky, questionable loan application.
While it is true that the Christian should always be disposed to lend a helping hand, there are practical issues that would need due consideration, before a person goes out on a limb to sign in such situations. Good relationships are too often ruined by a default on the part of one who was trusted, and thus, good judgment and prudence are needed before signing on.
Whether such a situation, as standing security for another works out favorably or not, the Bible says it is a snare, and as such, it would not hurt to take the matter to God in prayer before moving forward. It is a fact that some birds do escape from the snare of the fowler, on occasion, but the good outcomes do not change the fact that it was a snare.
Proverbs 6:3 Do this now, my son, and deliver thyself, when thou art come into the hand of thy friend; go, humble thyself, and make sure thy friend. 4 Give not sleep to thine eyes, nor slumber to thine eyelids. 5 Deliver thyself as a roe from the hand of the hunter, and as a bird from the hand of the fowler.
May The Lord add His blessing to the study of His word. God bless!