Lending someone money

It can be hard to see someone you care about struggling financially. But if you’re thinking about lending money to a family member or a friend, make sure you go into the arrangement with your eyes open. Know your rights and responsibilities. There are steps you can take to protect yourself.

What you should know

Take action to protect yourself

Work out problems

Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in January 2020
  • Time to read: 13 minutes

Reviewed for legal accuracy by

Ari Wormeli, YLaw Group and Robert Rogers, Hamilton Duncan

Ari Wormeli
Robert Rogers

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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.