Here’s how to prevent your Social Security number from getting into the wrong hands and what to do in the event that it does.
Safeguarding your Social Security number is one of the best ways to prevent identity theft. In addition to not wanting to keep your Social Security card in your wallet or purse in case it gets lost or stolen, you should also hardly ever divulge your Social Security number. Your Social Security number is more likely to end up in the wrong hands the more places it is stored.
In fact, several of the riskiest places to give out your Social Security number might even surprise you.
The short answer is: it depends. While Experian needs your Social Security number to generate your credit report, there are other instances where you might want to think twice before handing it over.
Let’s dive deeper into the pros and cons of sharing your Social Security number with Experian and explore some alternative options.
When You Should Give Experian Your Social Security Number:
- Ordering Your Credit Report: Experian requires your Social Security number to verify your identity and ensure you receive an accurate credit report. This helps prevent fraudulent activity and protects your personal information.
- Disputing Errors on Your Credit Report: If you find any inaccuracies on your credit report, you’ll need to provide your Social Security number to Experian when filing a dispute. This helps them investigate the issue and correct any errors.
- Signing Up for Experian CreditLock: Experian CreditLock is a service that monitors your credit report for any suspicious activity. To enroll in this service, you’ll need to provide your Social Security number.
When You Might Want to Reconsider Sharing Your Social Security Number:
- Non-Essential Services: If a company or organization asks for your Social Security number for non-essential services, like opening a bank account or applying for a job, you might want to consider alternative forms of identification. Ask them if they accept other forms of verification, such as your driver’s license or passport.
- Unfamiliar Websites or Apps: Be cautious about sharing your Social Security number with unfamiliar websites or apps. Research the company or organization thoroughly before providing any personal information.
- Phone Calls or Emails: If you receive a call or email requesting your Social Security number, be wary. Legitimate organizations rarely ask for this information through unsolicited communication.
Alternative Options to Consider:
- Driver’s License or Passport: Many organizations accept your driver’s license or passport as a form of identification. These documents are typically more difficult to forge than a Social Security card.
- Credit Freeze: A credit freeze restricts access to your credit report, making it more difficult for identity thieves to open new accounts in your name. You can request a credit freeze from each of the three major credit bureaus (Experian, Equifax, and TransUnion).
- Fraud Alert: A fraud alert notifies creditors to take additional steps to verify your identity before issuing new credit. You can request a fraud alert from each of the three major credit bureaus.
Remember: Your Social Security number is a valuable piece of personal information, Be cautious about who you share it with and take steps to protect it from identity theft,
Additional Resources:
- Experian’s Security Center: https://www.experian.com/blogs/ask-experian/security-center/
- Federal Trade Commission’s Identity Theft Website: https://www.identitytheft.gov/
Final Note:
While Experian needs your Social Security number for certain services, it’s important to be mindful of the risks involved in sharing this information. Consider alternative options whenever possible and take steps to protect your identity.
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2. Banking and financial institutions
7. Businesses in the medical sector (such as distributors of supplies for diabetes or dialysis, providers of medical billing services, or manufacturers of pharmaceuticals)
10. Health insurers and medical offices
STOLEN Social Security Number? | This is What REALLY Happens
FAQ
Do I have to give my Social Security number to get my credit score?
Is it safe to give Equifax my SSN?
Can I trust Experian?
Can you trust Experian with your SSN?
Can a credit bureau make money with your Social Security number?
I never did confirm the last four digits of my Social Security number.” In fact, the law does allow the credit bureaus — including Equifax, TransUnion and Experian — to make money via your personal information. That’s their entire business model. “Let me tell you the deal,” Clark says.
Can a government agency ask for my Social Security number?
Federal law mandates that state tax authorities, departments of motor vehicles, entitlement programs like welfare, and other governmental agencies may legitimately request your Social Security number as a means to identify you.
Should I give Out my Social Security number?
Don’t ever give out your Social Security number or any other personal information to someone you don’t know who initiates contact with you by phone, e-mail or in person: For example, if you receive an e-mail that claims that you must provide personal information to claim a refund from the IRS, it’s a scam.
Do you have a Social Security number?
But because nearly every US citizen and permanent resident has a Social Security number, they’re now the go-to authentication method for cell service operators, utility companies and even retail companies. That makes them a prime target for identity theft.