Social security number is a crucial nine-digit number that can affect the way you live your life. It is only given to US citizens and to people who can work in the US temporarily. Since the 70s, federal government has required banks to ask for your SSN whenever you open a bank account. It can also be used in order to work legally in the US.
For these reasons, it is an important number that you should always protect. Unfortunately, there are some individuals who lose their social security card. This can be a blunder. For instance, there are 5% of the US adult population that have become victims of identity theft. In fact, it is more rampant than what you think. And in reality, it doesn’t always involve hacking.
There is a chance that someone could be using the social security number for different purpose. It is possible that they are already opening a bank account using the social security number. In some instances, social security number of deceased individuals is usually used by undocumented migrants in order for them to open a bank account and even have their own credit card.
Unfortunately, it is a more complicated scenario if it is the social security number of a living person.
Replacement and protecting the social security number
There are a lot of questions usually raised by individuals who lost their social security card. How long does it take to get a social security card? What exactly happens if someone is already using your social security number? How do you stop identity theft?
First, if you are going to have the social security card replaced, it takes around 7 to 10 days in order to get a new one. Next, you also have to bring all the necessary documents in order to prove that you are the person in possession of the social security card.
Next, what if you lost your wallet with your social security card in it? How exactly do you know if identity theft is already happening? You want to check your credit rating every now and then. If there is a significant discrepancy, this might be the case. Next, you also have to look at your bank account. Even the slightest unexplained charges on your bank account should be reported.
How exactly are you supposed to solve this problem? You want to make sure that you report everything to the authorities. Next, you will also want to talk to your bank about this problem. Also, in worst case scenarios, you end up getting a new socials security number.
However, the social security agency still has the last say whether or not to give you a new social security number. It can also become hard to recover after getting a new social security number since you have to build your credit rating all over again.
As rule of thumb, it is always a good idea to always protect the socials security card. Make sure that you are going to keep it in a safe place. Also, be sure to use an alternate identification card.