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Yes. Your SSN is used to pull your credit report. If the loan is granted, it is then used to track your relationship with the bank and report interest paid (if the interest is tax deductible).

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Q: Am i required to provide my social security number when applying for credit?
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Related questions

What information must one provide when applying for a credit card?

One must provide a social security number when applying for a credit card. One also must provide their credit report and credit rating, as well as phone numbers of employers, and other tax information such as income.


What information is required when applying for Best Buy credit cards?

You will need the following information when applying for a Best Buy Credit Card. Your Social Security Number, Drivers License Number, Reward Zone Member ID Number, Residential Status and Employment Status.


Why are you required to answer questions when applying for a loan?

They have to establish if you are credit worthy


Does Transunion provide credit ratings?

Transunion does provide credit ratings depending on what service you are wanting or applying for. Credit ratings are provided by Transunion for most of their services.


What information is required to apply for a Sears credit card online?

When applying for retail credit cards from a store like Sears, there are typically four core pieces of information required. First and foremost is a full name and address. Then verifiable income and a Social Security number are needed to ensure identification and credit worthiness.


Do you need to have good credit to obtain a dealer license?

States and municipalities establish business licensing laws. Generally the person applying for a business license will be subjected to a criminal and credit background check and will be required to post a security bond.


What kind of information is required to apply for a student credit card online?

You will typically need to provide personal information such as your name, address, social security number, and income. You may also need to supply information about your school and program of study. Additionally, a credit check may be required.


What are the requirements of applying for a Firestone credit card?

The requirements of applying for a Firestone credit card are the same as most credit cards. You need to supply them with your personal information and a form of identification (usually social security number) so a credit check can be done on you.


Can a non-american obtain a US issued credit card?

No. Applying for a credit card you must be a United States citizen. They varify this among other things with your social security number. To have a social security number you must be a citizen. All credit card issuers request your social security number and if you don't give it they will not give you credit. No. Applying for a credit card you must be a United States citizen. They varify this among other things with your social security number. To have a social security number you must be a citizen. All credit card issuers request your social security number and if you don't give it they will not give you credit.


Do you need to provide your social security number to apply for a loan online with Bank of America?

Yes. Your social security number is required to apply for a loan. This is used to identify your credit rating, as well as within various identity confirmation systems.


How can you check your credit in order to obtain a personal loan?

You can check your credit to obtain a personal loan by applying for a credit check online. In most cases, the loaning company you request from will provide the credit check for you.


Does a Visa debit card provide you with security?

Typically, a credit card company like Visa would provide you with security. The same thing can be said for debit cards since Visa does ensure the same security protections for them.