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Ask Dave

Social Security Number to Pay Cash?

Brad wonders if he really needs a credit check run when he's paying cash.

QUESTION: Brad and his wife went to buy an $18,000 car with cash. They were told by the dealership to supply his Social Security number to run a credit check on him (which he didn’t want). Does he have to give that information to pay cash?

ANSWER:
Absolutely not.  They can use whatever procedures are necessary to verify the check with your bank, but there's no reason for them to run a credit report.  If I were you and they were demanding a credit check, I would have walked right off the lot.  Why do they need to check your debt worthiness for you to pay cash?  Next time walk away.  There's plenty of other people who will take $18,000 cash.

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