When someone is able to obtain your social security number, they will be able to do a lot of damage. They could steal your money, take out credit in your name and cause problems with the IRS. This is why you need to know how you can protect your social security number and ensure that it is not used for fraudulent activities.
Leave Your Card At Home
When you first get your social security number, you will be sent a social security card in the post. This card will have your name and your social security number on it which makes it very valuable. The value of this card is one of the reasons why you need to leave it at home in a safe place
If you carry your social security card around with you, you will be increasing the chances of it being stolen. The same can be said for your medical card which has your social security number n it. You generally do not need to have these cards with you because you will generally not be asked for them.
When Asked, Do Not Tell
It is important to note that there are only a select number of organizations that have a legal right to your social security number. These organizations will include your employer, investment funds, the IRS, banks, credit lenders and government-funded programs such as worker’s compensation. If another organization asks for your social security number, you should refuse.
It is important to remember that the more people who know your number, the higher the risk of theft. Additionally, other organizations do not have the legal right to refuse you if you do not provide your social security number.
Guard The Last 4 Digits
The last 4 digits of your social security number are the most important, but they are also the most widely shared and used. These digits are completely random and unique to your number. The first 5 digits of your number will represent where and when your initial card was issued. It is possible for identity thieves to get this information from your hometown and birth date.
However, the last 4 digits cannot be determined by any other means. This is why you should never share these digits with other people. You should also never use these digits as your pin code and if you are asked to use them as an identifier, ask for an alternative.
Take Action Quickly
If your social security card is lost or has been stolen, you need to take action quickly to protect your number. The first step that you need to take is to contact the credit rating agencies and tell them to put a fraud alert on your account. This will ensure that credit cards and loans cannot be taken out with your social security number.
You also need to contact the Federal Trade Commission and file a police report. This will ensure that everyone is aware of the fact that someone else might have your social security number. Get to know more at https://einapplication.net/common-steps-on-how-to-get-replacement-social-security-card-fast/