FAMILY 3 MIN READ


Beware: What Identity Thieves Can Do with Your Social Security Number

Written by Mikki Krause
4/10/2020
info@gladiknow.com
Beware:  What Identity Thieves Can Do with Your Social Security Number

Our social security numbers are something we were told to keep hidden and safe our entire lives. It’s a nine digit number that if in the hands of the wrong person can be used for the wrong purposes. Why is keeping your social security card number safe so important?

Social security numbers are our personal identities. Like many criminals, identity thieves look at this as the goldmine of possibilities if they get ahold of it.

Here are some ways your social security number can be misused.

  1. Pretending to be you

    The information that your social security number provides can leave people obtaining a lot of personal information about you. These individuals can pull loans out in your name and even spend lots of money in credit. Since these individuals use your name the end goal is that you take credit for any of the repercussions.

  2. Hurt your credit

    As said previously social security cards are taken for loans. In addition, since providing a social security number thieves can essentially prove they are you and destroy your credit score.

    Having said that, once these individuals have access into your accounts they can look at your work history, credit scores, payment history and ultimately having a good reputation which is why signing up for loans and spending your credit is so accessible.

  3. Steal your assets

    When we sign up for new things that are often tied to our identity and are meaningful, these accounts are correlated with our social security numbers. Thinking about bank account, stock certificates, brokerage accounts, anything that is tied with your social security they can manipulate

  4. Assume your legal identity

    If you are someone who collects money from the government this could be seen as a gain to criminals. Taking your identity along with your checks is only beneficial to them. They could even try and claim your tax refund. Only using nine digits thieves can ruin you.

  5. Health Care

    Have a social security number means that you could have healthcare. This criminals can rack up your medical bills by using your insurance plan.

  6. Commit Crimes in Your Name

    Say if someone commits a crime and they have an officer filling out a field investigation card. On that card it asks for your social security number. The next time you get pulled over you could have a criminal charge against you that’s not even you!

Scams related to social security

Given that tax season is in the midst, it is important to educated yourselves on tax-related scams. Scammers often use the same forms to contact people and usually it is through a phone call that is a spoof. They will mention that taxes are overdue and will threaten to cancel your social security.

When you file taxes you will never say sensitive information over the phone. The only reason you would is if you can 100% say this person is creditable and you know them. The IRS and other companies will never call you to demand payment nor would they ask for a specific payment like these scams do. If you get these scam please report them and make note of it.

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