What happens if someone steals Social Security number?

What happens if someone steals Social Security number?

If someone uses your Social Security number to obtain a job, credit, loans, telephone accounts, or other goods and services, contact the Federal Trade Commission (FTC) . The FTC collects complaints about identity theft from those whose identities have been stolen.

Can you change your Social Security number if it is stolen?

You can’t change your Social Security number simply because your card has been lost or stolen, or to avoid bankruptcy or legitimate debts. The only other reasons Social Security will consider assigning a new number are: Another person was assigned or is using your number.

What can someone do with your Social Security number?

A dishonest person who has your Social Security number can use it to get other personal information about you. Identity thieves can use your number and your good credit to apply for more credit in your name. Then, they use the credit cards and don’t pay the bills, it damages your credit.

How much is a Social Security number worth?

For people with high credit scores, a Social Security number, birth date, and full name can sell for $60 to $80 on the digital black market, security firm Flashpoint says. How much is a stolen identity worth?

What happens if you use your federal reserve bank account?

But what happens if you try to use this “secret” account? Well, the Federal Reserve Bank will deny the payment, since you don’t really have an account there. Your transaction will be rejected or returned, which often results in late fees and penalties from the companies you were trying to pay.

Is it legal to use your Social Security number to buy things?

There is no law that prevents businesses from asking for your SSN. Or ask if the business can use another number as your customer number. Remember that some government agencies can require your SSN. These agencies include DMV, welfare offices, and tax agencies.

Is having 2 Social Security numbers illegal?

Originally Answered: Is having 2 Social Security numbers illegal? It is possible to legally have more than one SSN, however, both were legitimately issued by the administration and are cross-referenced in the system. Having two in a attempt to defraud the government or to hide one’s identity is illegal.