What Someone Can Do With Your Social Security Number
Your social security number is one of the most important pieces of information that you have. It is used to identify you for tax purposes, and it can also be used to open new financial accounts or lines of credit in your name.
Unfortunately, this also means that your social security number is a target for identity thieves. If someone gets their hands on your social security number, they can use it to commit fraud or steal your money.
Here are just a few of the things that someone can do if they have your social security number:
- They can open new credit accounts in your name and run up large bills.
- They can apply for a loan in your name and default on it, damaging your credit score.
- They can get a job using your social security number, and any wages they earn will be reported under your name. This can cause problems for you come tax time.
- They can file for bankruptcy in your name, which will stay on your credit report for years to come.
- They can use your social security number to get government benefits that they are not entitled to, such as Social Security or disability payments.
As you can see, it is very important to keep your social security number safe and secure. If you think that someone may have stolen your social security number, you should contact the credit bureaus and the Social Security Administration right away. You should also consider changing your number to protect yourself from future identity theft.
Tips to protect your social security number
Most people know that their Social Security number (SSN) is an important piece of personal information. Unfortunately, many people don’t realize how easy it is for someone to obtain and misuse their SSN. By taking a few simple precautions, you can help protect your SSN from being used fraudulently.
First, never carry your SSN in your wallet or purse. This may seem like common sense, but many people still do it. If your wallet or purse is lost or stolen, whoever finds it will have access to your SSN.
Second, be careful about who you give your SSN to. You should only give it out when absolutely necessary, and you should make sure that the person or organization asking for it is legitimate.
For example, you may need to give your SSN to your employer, your doctor, or the IRS. But you should never give it out in response to an unsolicited email or over the phone unless you are absolutely sure who you are dealing with.
Third, be cautious about what personal information you share online. Social media sites like Facebook and Twitter are popular targets for identity thieves.
Be careful about what information you post on these sites and only friend or follow people you know and trust.
Fourth, keep a close eye on your credit report. You are entitled to one free credit report from each of the three major credit reporting agencies every year. Reviewing your credit report regularly can help you catch any suspicious activity early.
Finally, consider investing in a credit monitoring service. These services can help you stay on top of your credit report and alert you to any suspicious activity.
By taking these simple precautions, you can help protect your SSN from being used fraudulently.