Proverbs 6:1-3 (ESV)

 My son, if you have put up security for your neighbor,

have given your pledge for a stranger,

if you are snared in the words of your mouth,

caught in the words of your mouth,

then do this, my son, and save yourself,

for you have come into the hand of your neighbor:

go, hasten, and plead urgently with your neighbor.

The father instructs his son about money and finances. The son is not to promise to cover another’s debts. If the other party doesn’t follow through with his payments, the cosigner, or the one who put up security, is obligated to pay all of what’s owed. By guaranteeing to cover another’s debts, the pledge has made a trap for him. He needs to do whatever he can to get out of the situation. How can you guarantee the one you have promised for will follow through on her contract? Do whatever you can, even to the point of exhausting yourself, to get out of the pledge situation. Even if you seem annoying, free yourself from any unwise financial agreements. Maybe you haven’t cosigned for another, but you might be snared by foolish debt. If so, make it your priority to stop any avoidable spending until you can get out of unnecessary financial obligations.