5/23/2017

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Protect Your Social Security Number

Your Social Security Number Is A Valuable Possession

Your Social Security Number is one of the most valuable possessions you will ever have and you should protect it with all your might. You should secure your number at all times by keeping it locked up in your memory and the card that it comes on should be kept in a safe place that only you or a trusted family member or friend have access to.

This is important because your Social Security Number is your bridge to the world. It is the key to your credit history, the door to your purchasing power, and the safety net that keeps your financial well being in tact.

Your Social Security Number plays an important part in your life from the day you are born until the day you pass away. It is the bridge that connects almost everything in your life from your employment history, medical history, retirement, and Social Security benefits.

In other words, you should never underestimate the value of your Social Security Number. You should never give it out unless you are sure that the person you are giving it to is not going to use it for reasons that are not in your best interest. If a person uses your name and Social Security Number without your authorization, it is called identity theft and it is a crime.

By using your name and Social Security Number, identity thieves can cause significant damage to your credit and and leave you in a serious legal and financial bind. It may even require you to apply for another totally different Social Security Number. It could take years of hard work and thousands of dollars to undo the mess.

Some identity thieves are very sophisticated in the way they acquire other people's personal information but sometimes it's not that difficult because they know the easiest place to find it. All they have to do is look in your trash can. Instead of shredding old documents, many people just throw them in the trash. These documents often have your name, address, bank account numbers, credit card numbers, and most importantly, your Social Security Number on them. How easy is that for an identity thief?

What can an identity thief do with your name and Social Security Number?

  • Open a bank account
  • Get a loan
  • Apply for credit cards
  • Buy a car
  • Buy a home
  • Gamble
  • Pay medical bills
  • Take a vacation and/or go on a cruise

If you have to give your Social Security Number out for any reason, do it with care. Question the need for anyone to have it and if they do need it, don't be afraid to ask them what security measures they are going to use to protect it.

If you think someone is using your Social Security Number, contact your local police department. The quicker you get a handle on the situation, the better off you will be.

If you lose your Social Security Card, contact your local Social Security Administration Office to get a replacement card.

 

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