Just Say No
By: Rick Boxx
February 27, 2013
A friend was involved in a real estate development. Although he was current on his loan, the recession had devalued his property. The bank demanded payment in full.
What it seemed they were really after was additional collateral that my friend had available personally. They wanted him to either pledge his home or some of his savings.
As my friend and I discussed his options, we also discussed Proverbs 22:26-27, “Do not be a man who strikes hands in pledgeor puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you.”
My friend decided to say “no.” He asked the bank to stick to their original agreement. To his surprise they agreed. God provides ways to honor his principles.
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