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New Member
mommy55
Posts: 2
Registered: ‎04-14-2007
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R dealerships required to ask for SS# even if hav own financing from credit union??

I was approved for an auto loan for from nfcu. I already have my paperwork and draft check from them. Im going to dealership to look at cars and scared they will ask for SS# and run my credit. 
Are they required to ask for your SS# even if you have your own financing???? i keep hearing about some patriot act law.

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
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Re: R dealerships required to ask for SS# even if hav own financing from credit union??

Congrats on your approval. They will only ask for ss if you let them talk you into filling out a app for there financing. Just refuse since you have arranged your own financing unless you are looking to see if they can bet the rate you have with your approval.

New Member
mommy55
Posts: 2
Registered: ‎04-14-2007
0

Re: R dealerships required to ask for SS# even if hav own financing from credit union??

Thank you !. i hope so.

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Elcid89
Posts: 567
Registered: ‎10-04-2012
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Re: R dealerships required to ask for SS# even if hav own financing from credit union??

In your case, since you don't seem to have specified a specific vehicle you intend to purchase, NFCU might have to consider final approval based on the actual car you decide that you want.

 

Beyond that, no, the dealership has no reason to request your SSN.

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xiownthisplacex
Posts: 260
Registered: ‎08-29-2011
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Re: R dealerships required to ask for SS# even if hav own financing from credit union??

The manufacturer that I work with, if the customer has their own financing, they require an identity check, not a credit check, but for that we do need SSN. It does not impact your credit. They just want to make sure that the customer is legit.


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guydiver
Posts: 582
Registered: ‎08-30-2007
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Re: R dealerships required to ask for SS# even if hav own financing from credit union??

Never had to give a dealer my SS#, and I always walk in the door with CU financing.  If they get your social, I'll bet dollars to doughnuts they will pull your reports.  YMMV,, but just sayin...., unless I had it in writing. 

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Watchmann
Posts: 989
Registered: ‎05-14-2008
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Re: R dealerships required to ask **bleep**

[ Edited ]

You can thank the Patriot Act.

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guydiver
Posts: 582
Registered: ‎08-30-2007
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Re: R dealerships required to ask **bleep**


Watchmann wrote:

You can thank the Patriot Act.


Yeah, you can vote, but don't try to buy a car!

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Starting Score: 1/05 upper 500's??Current Score: FICO: EQ 730ish, TU 748(Barclay), EX 748(CS) Goal Score: .....800 IS ON MY BUCKET LIST! New DCU Member! .:smileyvery-happy:
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Walt_K
Posts: 3,065
Registered: ‎11-02-2009
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Re: R dealerships required to ask **bleep**

There were a lot of posts about this a while back.  I can't say I remember the details exactly, but if I recall, the Patrior Act does require some sort of identity verification.  And a dealer can choose to do that by pulling a credit report.  They don't have to, but if that is their policy for how they go about it, I'm not sure what you can do.  So that is why you might be getting some conflicting answers.  Some people may have gone to dealers that do the identity verification another way.

 


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webhopper
Posts: 7,225
Registered: ‎09-16-2011
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Re: R dealerships required to ask **bleep**

Nfcu auto buying program :smileyhappy: I gave my ss# to my dealership for the overseas delivery program. We are using nfcu for the loan.... they didn't pull our credit.

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