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Son, if you endorse a note for someone you hardly know, guaranteeing his debt, you are in serious trouble. You may have trapped yourself by your agreement. Quick! Get out of it if you possibly can! Swallow your pride; don’t let embarrassment stand in the way. Go and beg to have your name erased. Don’t put it off. Do it now. Don’t rest until you do. If you can get out of this trap you have saved yourself like a deer that escapes from a hunter or a bird from the net.

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15 Be sure you know a person well before you vouch for his credit! Better refuse than suffer later.

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18 It is poor judgment to countersign another’s note, to become responsible for his debts.

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16 It is risky to make loans to strangers!

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26-27 Unless you have the extra cash on hand, don’t countersign a note. Why risk everything you own? They’ll even take your bed!

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