Charles Ellicott Commentary Proverbs 20:16

"Take his garment that is surety for a stranger; And hold him in pledge [that is surety] for foreigners." — Proverbs 20:16 (ASV)

Take his garment that is surety for a stranger. —Another warning against suretyship. (See above on Proverbs 6:1.) If a man is rash enough to become surety for another, he must suffer for his imprudence, and learn wisdom by feeling the effects of his folly.

And take a pledge of him for a strange woman. —Rather, take him as a pledge (seize upon his person who has become surety) for a strange woman, (according to the margin) or, for strangers (as the text reads).