Co-Signing or Guaranteeing a Loan

People often co-sign or guarantee a loan for a friend or relative without knowing what can happen. This script explains the difference between co-signing and guaranteeing a loan, the different types of guarantees, and what can happen if you co-sign or guarantee a loan.

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produced by
The Canadian Bar Association, BC Branch (CBABC)
produced in
last reviewed
October 2017 i Last date reviewed by a qualified expert to ensure content up-to-date. See "Tips" in Clicklaw content criteria (bottom of pageside menu) for details.
resource type
co-signing a loan, guaranteeing a loan, loans, seize or sue, debtor's rights & options, Dial-A-Law
other formats