Identity theft usually happens online today. However, what most people don’t know is that it actually happens more commonly when you lose your wallet, or when you are not too careful when you use your social security card. There are also instances when stolen social security card can affect you in more ways than you realize. In fact, according to a study, 5% of US adult population has become identity theft victims. And one of the things that you should know is that not everyone is actually aware that they are already victims of this crime.
Losing your social security card can be the worst thing that can happen. Replacement is quite simple but you have to think of the repercussions. Could you imagine someone using your social security number? They can easily defraud a bank and point everything to you. This can be a tricky scenario to solve.
Why is your SSN important?
Before we discuss what you can actually do, it is a good idea to know why your social security card is so important. For obvious reasons, it contains the social security number. The social security number is only given to either US citizens or someone who has the necessary papers to work legally in the US. It allows you to open a bank account and to have a credit card. It also allows you to apply for a job legally.
The social security number is important because it keeps a record of your lifetime income. This is used for both tax purpose and to know your credit rating.
How to solve the problem?
There are different ways on how you can solve this problem. First, you will need the help of authorities. You will need to report to them exactly what transpired. Also, you will have to do your part and make sure that you monitor your bank account and your credit rating. This will give you an idea if someone is already affecting your life with their activities as they use your social security number.
Next, you also have to consider calling the bank to notify them of the problem. They could be alerted and bigger problems could be avoided by doing this.
There are instances wherein people request for a new social security number. This may not always be a good idea. The reason behind is that you will have to restart everything. You will have to build your credit rating all over again because it is a new social security number.
The social security agency decides in this matter. But of course, it isn’t always the case that you are going to be given a new social security number.
Prevention is still better. What you can do is to keep the social security card in a safe place. This way, you minimize the chances of it being lost. When you apply for a job, make sure that you only bring the social security card in the latter stages of the application process. And of course, be sure that you are not going to use the social security card as your primary ID.