Common Questions

My boyfriend wants me to co-sign for his truck loan. Will this make me responsible if he misses a payment?

Last reviewed in December 2020 by the Clicklaw Editors

People often co-sign or guarantee a loan for a friend or relative without knowing what can happen. Before co-signing or guaranteeing a loan, you should understand what legal responsibilities are involved and the rights that you have.

Good starting points include:

Need more help?

  • You may want to seek advice from a lawyer about the potential for conflicts. Lawyer Referral Service, from Access Pro Bono, offers a free initial consultation with a lawyer for up to 30 minutes.

See our related common questions:

tags
loans, buying a car, guaranteeing a loan, co-signing a loan