The social security card is a very important document that is issued to US citizens and to people who are allowed to work legally in the US. What makes it so special is the fact that it contains your social security number.
The social security number will contain your lifetime income. This makes it easy for the IRS to track the amount of tax that you are supposed to pay. It is also easy for banks in order to evaluate your financial standing whenever you are asking for a loan.
This is the reason why you will need to have a social security number if you wish to work in the US. It is also needed in order to open a bank account and when you request for a credit card. But of course, there are scenarios wherein it will need a replacement. How long does it take to get a replacement social security card replacement?
The time needed in order to get everything replaced is around 10 days. You simply need to bring all the documents needed in order to get everything set.
Is it really that simple to have a replacement?
Not every case of replacement is the same. There are instances wherein you will need to be extra careful. For instance, replacements due to lost social security cards can be a bit tricky. You have to understand that losing the social security card leaves you vulnerable to identity theft.
When you become a victim of identity theft, you have to understand the possible repercussions. You have to understand that there are many problems that may appear along the way. If someone is using your social security number, there’s a chance that you will have problems with the IRS. What this means is that your income and the tax you are paying are most likely not going to match.
In addition to this, you also have to be aware of your credit rating. It can easily affect your credit rating since there are people who will be using your SSN in order to get a loan. And in these instances, you end up paying for loans that you didn’t even make.
In these particular scenarios, you want to call the authorities and report the situation. There could be instances when you will even need to document these things in order to prove to authorities and to your bank that identity theft occurred.
Getting a new social security number?
Getting a new social security number isn’t far from the realm of possibilities if you have become a victim of identity theft. There could be an instance wherein you will have to request for a new one because your old social security number is already being used by other individuals and you may never know when is this going to stop.
Keep in mind though that there are repercussions. For instance, you have to understand that you may have to rebuild your credit rating from the start. This is the reason why the social security agency also doesn’t just allow you to have a new one.