Should You Co-Sign a Loan in Canada? | Risk, Responsibility & What You Must Know

Описание: Should You Co-Sign a Loan in Canada? | Risk, Responsibility & What You Must Know

Thinking about co-signing a loan in Canada for a friend, partner, or family member? WAIT! This video is a must-watch before you take that big step.

Co-signing a car loan, mortgage, or any credit agreement in Canada might seem like a helpful gesture—but it can also be risky and financially damaging if not fully understood. In this video, we break down the pros and cons of co-signing, how it affects your credit score, and what legal responsibilities you’re taking on.

🔍 Topics Covered:

What does co-signing mean legally in Canada?

Pros of co-signing a loan

Major risks involved you MUST know

When should you say NO to co-signing

How co-signing can affect your credit and mortgage approval

Alternatives to co-signing

Real-life examples from Canadian cases

Expert tips on protecting yourself

Whether it’s your spouse, child, or friend asking for help—this video can save you from future stress and regret.

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