Why is surety wrong?
Obviously, surety is not a biblical law; it is a principle. A principle is a biblical guide to keep you on God’s path and out of the world’s traps. You don’t get punished for violating a principle (unknowingly); you suffer the consequences. The consequence of violating the principle of surety is that you presume upon the future. In other words, when you sign surety for a debt, you pledge your future. “Come now, you who say, ‘Today or tomorrow, we shall go to such and such a city, and spend a year there and engage in business and make a profit.’ Yet you do not know what your life will be like tomorrow. You are just a vapor that appears for a little while and then vanishes away” (James 4:13-14). Cosign Practically speaking, when you cosign a note for someone else, you allow him or her to borrow beyond the ability to repay. Why do you suppose that a banker requires a cosigner? Usually because the person borrowing is a high risk and lacks the ability to repay under certain circumstances. M
