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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 June 2022 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, brief initial consultation with a lawyer to determine your legal needs. If you would like further help from your lawyer, you can retain them at an agreeable rate of charge.

See our related common questions:

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