What can I do if my SSN is stolen?
Identity theft is a serious issue that can have long-lasting consequences on an individual’s financial and personal life. If your Social Security Number (SSN) has been stolen, it’s crucial to take immediate action to protect yourself. Here are some steps you can follow to mitigate the damage and regain control of your identity.
1. Report the theft to the authorities
The first step is to report the theft to the authorities. Contact the Federal Trade Commission (FTC) at 1-877-438-4338 to file a complaint. Additionally, report the theft to the local police department, where you will receive a police report. This report can be used as evidence when dealing with credit bureaus and other financial institutions.
2. Place a fraud alert on your credit reports
To prevent identity thieves from opening new accounts in your name, place a fraud alert on your credit reports. This can be done by contacting one of the three major credit bureaus – Experian, Equifax, or TransUnion. Once you’ve notified one bureau, they will notify the other two. A fraud alert lasts for 90 days and can be renewed.
3. Freeze your credit reports
If you believe that your SSN has been used to open new accounts, consider freezing your credit reports. This prevents lenders from accessing your credit information without your permission. To freeze your credit, you must contact each of the three credit bureaus individually. The process may vary by state, so be sure to check the specific instructions for your location.
4. Monitor your credit and bank accounts
Keep a close eye on your credit and bank accounts for any suspicious activity. If you notice any unauthorized transactions, report them to your bank or credit card issuer immediately. You can also sign up for credit monitoring services to receive alerts about changes to your credit reports.
5. Review your financial statements
Regularly review your financial statements, including bank statements, credit card statements, and utility bills. Look for any unfamiliar charges or accounts that you did not open. If you find any discrepancies, report them to the respective financial institution.
6. Contact the IRS
If your SSN has been used to file a fraudulent tax return, contact the IRS at 1-800-908-4490. The IRS will provide you with instructions on how to resolve the issue and may request additional documentation to verify your identity.
7. Update your passwords and security questions
Change your passwords and security questions for any online accounts that you believe may have been compromised. Use strong, unique passwords and consider using a password manager to keep track of them.
8. Educate yourself and stay vigilant
Stay informed about the latest identity theft scams and be vigilant about protecting your personal information. Be cautious when sharing your SSN and other sensitive information, and be wary of unsolicited calls, emails, or letters that ask for your personal details.
By following these steps, you can take control of the situation and minimize the damage caused by your SSN being stolen. Remember, identity theft is a marathon, not a sprint, so be patient and persistent in your efforts to restore your identity.
