Incorrect Loan info....

[LegalDumby]

Hello, I am in New York and have a car loan from M&T Bank.

I went to the bank to get a payout quote and I was told I can not because I am not the account holder. They seem to have a different social security on file.

Now, I know it isnt the same, but I do know on legal documents such as contracts, if there is something wrong on the document the agreement is usually null and void a new one must be made.

The car is in the same shape that I bought it in besides the fact that it has about 7000 more miles, can I legally return the car to bank, who has the title of the vehicle without taking a credit history hit?

I mean, they dont have my social security number, and it is there car.

The reason I want to do this besides feeling the monthly hit on my wallet, is that M&T Bank has not been very nice to me. They say that I am not giving them the correct social security number, and then when I go to a branch to prove my identity, they wont do it there either. They have pretty much told me to just pay the bill monthly and not worry about it. Besides that, the value of the car has gone down so very dramatically from when I bought it that if I sell the car for book value I would have to pay nearly double to cover the rest of the loan, and I have had the car less than a year.


So, can a small time guy like me capitalize on the big guys small mistake??

 

[Dandy Don]

No, you can not capitalize on this mistake. Without a doubt there should be other documents related to the car loan that would prove whether it was actually YOU who signed the agreement or not.

Did you mistakenly provide them with an incorrect Social Security Number or is it somehow a mistake of something they did in their offices? You really need to be finding out exactly the SSN that they have and finding out exactly WHO IS THE ACCOUNT HOLDER that they have on file and if they can't or won't tell you, you should possibly consider paying $50 to a local private investigator to have it traced to see who it actually belongs to to get this records mixup straightened out, or order your credit report to see if there are any debts/items on there that are not yours due to an incorrect SSN number.

DANDY DON IN OKLAHOMA ([email protected])

 

[JETX]

Now, I know it isnt the same, but I do know on legal documents such as contracts, if there is something wrong on the document the agreement is usually null and void a new one must be made.

You're right.... it isn't the same.

The car is in the same shape that I bought it in besides the fact that it has about 7000 more miles, can I legally return the car to bank, who has the title of the vehicle without taking a credit history hit?

No.

I mean, they dont have my social security number, and it is there car.

No, it is YOUR car. They only hold a security interest on it.

The reason I want to do this besides feeling the monthly hit on my wallet, is that M&T Bank has not been very nice to me.

Awww, poor baby. And exactly what have you done to be nice to them???

So, can a small time guy like me capitalize on the big guys small mistake??

Nope.