Co-signing a Loan for Your Boyfriend - Who is a Co-signer in Canada

Co-signing a Loan for Your Boyfriend: What Happens When Things Go Wrong?

Co-signing a loan for a loved one can seem like a gesture of support. But what happens when the relationship ends and the borrower defaults on the loan?

This video explores the legal and financial implications of co-signing a loan, particularly when the borrower is a romantic partner.

We'll discuss:

The risks of co-signing: Understanding your legal and financial responsibilities as a co-signer.
What happens if the borrower defaults: Exploring your options and legal recourse.
Protecting yourself: Strategies for minimizing your risk when considering co-signing a loan.
Legal advice: Seeking professional guidance from a financial advisor or legal professional.
This video is for informational purposes only and does not constitute legal or financial advice.