You will need to be aware of the worst case scenarios whenever you have your social security card stolen. It means that you shouldn’t just be getting a replacement. Instead, what you need to do is to also monitor if someone is using the social security number.
Reality of identity theft
A lot of Americans today are victims of identity theft. Unfortunately, a lot of them don’t even know that they’ve become victims of identity theft. There are around 5% of the US adult population who are victims of identity theft. What most people think is that identity theft usually occurs online. In reality, it can be a bit simpler than what you think. It can be from forms that you’ve filled out. For instance, it can be some papers that include your social security number. Also, you may not be too careful who you give your social security card to.
Signs of identity theft?
There are signs that identity theft occurred especially involving your social security number. If you will check your bank account, there could be expenses that you never made. There could also be someone who is using your bank account in order to get a loan from the bank.
One of the worst things that could happen is to have tax problems. Tax problems may occur because your income and your tax aren’t exactly matched. This means that someone is already using your social security number for their work.
What can you do?
The wisest thing that you can do when dealing with social security card stolen is to report it to authorities. Next, be sure that you document everything. Compare the credit rating from previous months before the incident happened and to your credit rating months after.
The last resort is to ask for a new social security number. This can be an ideal solution. Keep in mind though that it is still the discretion of the social security agency if you are going to be given a new number. Why is it that you are not most likely going to get a new social security number? One, the social security agency suggests that you exhaust all means of solving the problem. Next, it is important to remember that it requires you to start from scratch all over again. Your credit rating will have to go back to scratch.
This only means that you have no other choice but to be preventive when it comes to keeping your social security number. You have to make sure that you are going to keep the social security card somewhere safe. You have to also understand that you should just bring your social security card with you only if it is completely necessary. It is also a good idea to keep the social security number in case it gets lost. By doing these simple steps, it is possible to avoid problems such as identity theft.
Social security number is typically stolen in order for immigrants to find a job and open their bank accounts. This can be very frustrating to deal with considering it is difficult to trace the person using your identity.