Loan and credit scams

What are my rights?

Is it against the law for a lender to charge me an upfront fee before loaning me money?
  • Yes
  • No

To trick you out of your money, some scams involve offers to lend you money or help you borrow money. Learn how to identify and guard against loan and credit scams.

Spot the scam

Prevent problems

Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in July 2019
  • Time to read: 5 minutes

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Options for legal help

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.