Common Questions

My boyfriend wants me to co-sign for his truck loan

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:

  • Co-signing or Guaranteeing a Loan, from the Canadian Bar Association BC Branch, describes the responsibilities of co-signing a loan.
  • Consumer and Debt Law, from People's Law School, has information about co-signing loans in the chapter "Co-signing, Guarantees and Join Debts."

Need more help?

  • You may want to seek advice from a lawyer about the potential for conflicts. Lawyer Referral Service, from the Canadian Bar Association BC Branch, offers an initial consultation of up to 30 minutes with a lawyer for $25.

See our related common questions:

Last reviewed November 2017
loans, buying a car, guaranteeing a loan, co-signing a loan