Social Security Identity Theft - What Thieves Can Do and How You Can Stop Them

Social Security identity theft figures in many complaints received by the Federal Trade Commission since it gives the perpetrator the flexibility in terms of the kind of identity fraud he can commit. Unlike just stealing a credit card, Social Security identity theft can allow the perpetrator to:

1. Establish a new identity using your Social Security Number and data
2. Get a job under your SSN
3. Use your SSN to get loans or commit mortgage fraud
4. Open credit cards with your SSN
5. Rent a car or an apartment under your name and SSN
6. Use your SSN to apply for phone service
7. Present your Social Security Card as an ID when detained or arrested by law enforcement authorities

Social Security Identity Theft - How to Stop It

There are many ways Americans are vulnerable to Social Security identity theft. But you can use this vulnerability to your advantage by withholding you Social Security data as often as you can since the other party will be more likely to understand given the many stories of Social Security identity theft recently reported by the media.

Here are some ways to stop Social Security identity theft from happening to you.

1. Use another number instead to transact business. When businesses ask for your SSN for record-keeping purposes, offer another ID number instead. Ask to speak to the manager if the point person doesn't grant your request. If they say they need your SSN, ask them how they intend to use it. Let them show you their SSN privacy policy. If you aren't satisfied, walk away.
   
   
2. Does your state use a single number for both your Social Security and driving license? Then ask for your SSN to be replaced to minimize your chances of being a victim of Social Security identity theft.
   
   
3. Use your SSN only when you can't get out of it, such as when filling out tax forms, opening a bank account, and for stock and real estate transactions. Remember, the key to your bank/credit account is your SSN. That makes it a major target for Social Security identity theft.
   
   
4. Withhold your SSN from a job application. In the initial application you fill out, leave your SSN out. Instead, offer to give a prospective employer your SSN during your interview or just when they need it to perform a background check. You can also offer to provide clearances and documents for a background check instead of giving out your SSN.
   
   
5. Check your Social Security records. Check your statement of Personal Earnings & Benefits Estimate yearly to ensure you aren't a victim of Social Security identity theft. The Social Security Administration sends it out to adult cardholders around 90 days before their birthday. Visit http://www.ssa.gov/mystatement/ for details.