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What To Do If Your Social Security Number is Stolen

hi everybody this is Lynette Kafani Cox

the money coach and co-founder of asta

money coach comm I have a tip today of

several tips as a matter of fact for

those of you who may have lost your

social security card or maybe even had

your social security number stolen this

is a very serious issue because really

it represents a form of identity theft

and you know the Federal Trade

Commission says that identity theft

strikes about 10 million Americans every

single year the risks of identity theft

are huge if somebody has your social

security card they can do all kinds of

things they can try to get a job believe

it or not and get employment in your

name they could try to get a tax refund

check and maybe file taxes using your

social security number perhaps even

taking away a refund check that might be

due to you and then of course they can

also use your social security number to

do unauthorized financial transactions

like taking on credit accounts or loans

mortgages all kinds of things they might

even be able to tap into your own bank

accounts by knowing your social security

information so you definitely want to

shut that problem down as quickly as

possible once you find out that someone

has your social security card or once

you find out that you've lost your

social security card so what should you

do for starters you do want to notify

the authorities if there's been any kind

of theft involved if someone stole your

wallet if someone took away your social

security card along with your credit

cards and other information do notify

the local police you want to file a

record of what's happened because you'll

need to next go to the credit bureaus as

well to tell them if you've been

victimized by identity theft and they

too will want to know have you

registered any kind of a complaint if

you find that someone has in fact used

your social security number to open

unauthorized accounts you should put

either credit freeze or fraud alert on

each of your credit files those three

files are maintained by the big three

credit bureaus Equifax Experian and

TransUnion

you're in the process of taking care of

any kind of a fraud that you might have

been victimized by if you've lost a

social security card you do want to make

sure that you notify the IRS as well the

IRS has a division called the identity

protection unit you want to contact them

because you don't want anybody to file

taxes using your social security number

so you need to alert the IRS that your

social security number might have been

misappropriated some other authorities

that you should contact are the FTC the

FTC has a toll-free number 8 7 7 ID

theft that you can report crimes like

identity theft or the misappropriation

or theft of your social security number

since I mentioned that IRS site as well

I should tell you you can go online to

the IRS at irs.gov and that identity

protection unit that I mentioned they

too have a toll-free number it's eight

hundred nine oh eight four four nine

zero so you would definitely need to

reach out to them if someone has stolen

your social security card get that taken

care of ASAP as I said identity theft is

a major problem but you don't have to be

victimized by it if you take some very

common-sense and safe precautions I

talked about those here on ask the money

coach comm but you can get more tips on

that and other ways to protect your

financial identity right here