Borrowing money

How to protect yourself and sort out problems when borrowing money.

Person holding a piggy bank
Borrowing money from a friend or relative

Borrowing money from a friend or relative

Turning to a friend or family member for a loan can be an attractive option when you need money. But there are risks. Learn how to prevent problems — and what to do if problems arise.

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Two woman at table with man and paperwork
Co-signing or guaranteeing a loan

Co-signing or guaranteeing a loan

Before lending money to someone, a lender may ask for a third party to co-sign or guarantee the loan. Learn how to protect yourself when co-signing or guaranteeing a loan — and how to deal with problems that arise.

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Sleazy looking man enticing you to borrow money
Payday loans: Why to consider alternatives

Payday loans: Why to consider alternatives

When you need cash, taking out a payday loan can be a tempting solution. But they’re a really bad way to borrow money. And there are other options to consider.

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Person filling out a form
Cancelling a payday loan

Cancelling a payday loan

You had an unexpected expense and took out a payday loan to cover it. Now you’re full of regret. Learn your rights and steps you can take to cancel a payday loan.

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We are grateful to work on the unceded traditional territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish) and səlilwətaɬ (Tsleil-Waututh) Nations, whose Peoples continue to live on and care for these lands.