What can be done with a stolen social security number?

Unfortunately, if your Social Security number or insurance card has been stolen, you will be in a more complicated situation than if your bank details were stolen. Asking your bank to freeze your accounts and then create new accounts for you is pretty straightforward. However, obtaining a new Social Security number from the Social Security Administration is more difficult. Next we will tell you what can be done with a stolen social security number.

What can be done with a stolen social security number?

What is a social security number?

To start, let’s make it clear what a social security number is. The Social Security Administration defines it as a nine-digit number for identity tracking purposes. It is also used to track wages earned during a person’s lifetime for Social Security’s own benefits. Since 2011, the assignment of this number is random.

This social security number is strictly necessary to start a new job or to apply for government benefits. The purpose of this number is verify your identity and keep track of your income.

If you don’t remember your social security number you can always confirm it by checking your card. If you can’t find it, contact the Social Security Administration directly.

What can be done with a social security number?

The social security number is used by the government as a unique identifiertherefore, can be used to do the following:

  • Apply for a job
  • open a bank account
  • Sign up for a credit card
  • apply for a passport
  • file taxes
  • Enroll in health insurance
  • Get a driver’s license

How Social Security Number Theft Is Done: What Happens If Someone Gets Your Social Security Number?

There are many ways to steal your identity or your social security number. Thieves can obtain your number by violating the security of your personal data that is stored in an electronic record, also through any paper that has personal data and that you have thrown away. But what can be done with a stolen social security number? Thieves can sell your identity or impersonate you to open accounts in your name, access health care, file fraudulent tax returns or, in the worst cases, commit crimes.

What can be done with a stolen social security number?

Once an identity thief has stolen your social security number, can carry out various types of financial fraud using your data, so when committing a crime you will be responsible. Social Security numbers are involved in most aspects of American life: employment, medical history, taxes, education, and bank accounts, to name a few. Here are some things someone who has stolen your social security number can do.

1. Open financial accounts

Your social security number is the most important personal information a bank needs to give you credit or open an account. With that number, a thief can obtain credit cards and loans. After obtaining the money in this way, he will not pay it (obviously) and will put you in a commitment with the bank that can have fatal consequences for your finances.

Failure to pay will result in late payments that will be linked to your social security number and will end up on your credit report. This situation could affect your ability to apply for any type of loan or a new account in the future. It could take years before the fraudulent information is removed from your credit report, and as a result, it will take time to recover your credit scores. It could take years before the fraudulent information is removed from your credit report, and as a result, it will take time to recover your credit scores.

Can someone access my bank account with my social security number?

It may not be as easy for thieves to access your bank account if they only have your social security number. Most of the time, to access an account or to open a new bank account, the bank requires additional forms of identification, such as your physical Social Security card, your real ID, or your passport.

In addition, many banks have implemented additional security measures to prevent fraud, such as security questions to access a bank account, for example.

2. Get medical attention

Someone using your social security number could also undergo treatment, effectively contaminating your medical records. Inaccurate medical records can have deadly consequences. For example, imagine what could happen if you received treatment based on a false story that included the wrong blood type. Plus, thieves can steal your health insurance coverage, which could leave you in a bind when you need it.

3. File a fraudulent tax return

Taxpayer identity theft continues to be a problem in the United States. I.R.S. reported in 2018 that incidents were consistently declining with a 40% decrease in taxpayer identity theft reports since 2016. However, in 2017, the IRS still received 242,000 reports of taxpayer identity theft reports.

Identity thieves use stolen Social Security numbers to obtain a fraudulent refund, which then delays any refund due to you. So the quicker you file your taxes, the quicker you’ll get your refund, and the less time an identity thief will have to steal this money from you.

If your return is rejected due to duplicity, you should find out about this situation immediately. It could be a sign that your identity has been stolen and used at the IRS. In that case, you must prove that you are the person to whom that social security number actually belongs.

4. Commit crimes

Obtaining your social security number may be only part of a criminal’s crimes. If your identity thief is arrested for a crime and gives your social security number to the police, he or she may create a criminal record for you that doesn’t belong to you. The above situation could prevent you from getting a job or could interfere with any process that requires a criminal record.

5. Steal your benefits

A thief could also use your social security number to apply for unemployment or social security benefits. Therefore, the day you would like to access this assistance you would find that you have no money available.

How to find out if your social security number has been stolen?

Thieves can operate under your identity for years without being discovered, and some of these crimes are very difficult to detect. An excellent mechanism to detect this situation is by regularly reviewing your credit reports. Check the reports in detail to detect accounts or movements that you do not know. If you detect something strange, it is a red flag that could indicate administrative errors or identity theft. Either way, you should be vigilant and act as soon as you see something suspicious.

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