Friday, May 27, 2011

All About Social Security Number and Identity Theft ? Free Do ...

Your social security number was designed for the sole purpose of tracking people for taxation. In the later years, it was improved to work more effective serving holders better services. For all Americans, these are the vital numbers that they can use in their lifetime. In fact, this number has been used as a tag number in the US Armed Forces soldiers during the wars. Despite the advances this number brings, it also connotes criminal activity. Identity theft is one of this fast growing threat. A person who has been victimized with this will have a lot of dilemmas because his identity will be used by another person. This is just like stealing that destroys other peoples credibility. Banks have a common practice that when you open a bank account or when you apply for a credit card, it is necessary to provide a persons Social Security Number. However, trouble starts when other people get hold of this information. If a credit card application used by fraudster gets through then all the transaction, he does will reflect to your identity. That will ultimately affect you as a person since your names as bluntly used. Spending may not be illegal, but it is when you are crediting using other peoples name. This can be considered the simplest kind of identity theft. Consequently, merchants will come after you. The expenses incurred in the transaction using the credit card under your Social Security Number will be paid by you. That is the second phase of the trouble comes in. If you detect such act, you need to report this immediately to the appropriate agency. If you will not act on this as soon as possible, the third phase will come ? law suit, and worst imprisonment. There are stipulated laws about identity theft that will protect all citizens. Familiarize yourself with it and use it if the necessity arises. There are preventive measures to prevent identity theft from happening. First, make sure that you are careful in giving out your Social Security Number. This is a vital number this is where your identity lies in legal aspects. The minor steps you can do are never writing down your number in any document. Keep those documents or destroy it as much as possible. Always check with the appropriate agency if you detect any fraudulent act. Had it documented as reference and proof in the future. It is best to prevent this from happening because it will be excoriating when resolving issues that will arise. SSN search is very important these days, it can bring up important information in an instant. What?s more is that you can perform a social security search.

Source: http://articles.xnbsms.com/lifestyle-2/all-about-social-security-number-and-identity-theft/

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