Is an auto loan contract void if they used the wrong Social Security number?
I applied for a loan, and when I signed the papers, I didn't notice that the Social Security number was wrong. Now I'm getting cold feet about the purchase, so I reviewed the contract and found the error. Does this void the auto loan contract?
“Chances are that this will not void the contract. Because a Social Security number isn’t a necessary element of a contract, having the wrong one listed won’t matter as long as all the other details are correct.
However, some contracts for loans allow you to give the car back within a specific time period. Check the contract to see if you’re still within that time frame. You might lose some money to fees, but at least you won’t be stuck with a car you don’t want.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
What do I do if my car was damaged in a hit and run in Idaho?
My car was hit outside my house while it was parked on the street. I have liability only. I got the color, make, and model of the other car, but no license plate. Is there any way my car would be covered?
May 07, 2021
Can I pay for my car insurance in full after originally agreeing to pay in monthly installments?
I originally agreed to pay for my car insurance in monthly installments, and I've already made my first payment. But I got a sudden cash windfall and I now have enough money to make a lump-sum payment for the entire policy. Can I still pay for my insurance in full?
Feb 22, 2021
Do I need to take photos of high-value items when I'm applying for renters insurance? If so, how detailed do the photos have to be?
"I own a bunch of collectible comics and figurines that are worth five figures. If I want to insure them using a renters policy, do I need to photograph them?"
Jun 16, 2021