Monday, October 23

Tips on What Not to Do with Your Social Security Number

Protecting your social security number is very important. With only your name and social security number, an identity thief can impersonate you and apply for credit cards and loans, buy merchandise, lease an apartment or car.

Keep Your Social Security Number Safe

Here are some tips on how to keep your number safe:

  • Always keep your card in a safe place. You shouldn't carry it with you unless you need it for a specific purpose such as applying for a job.
  • Don't put your social security number on your checks, business cards, address labels or other identifying information.
  • If your drivers license number is your social security number, ask to change it.
  • If your health insurance policy number is your social security number, ask to change it.
  • Financial institutions and employers need your social security number for wage and tax reporting purposes. Ask these questions when someone asks for your social security number.
    • Why do you need it?
    • How will you use it?
    • What law requires that I give it to you?
    • How will you protect it from being stolen?
    • What happens if I don't give it to you?
    The answers to these questions will help you to decide if you want to give out your social security number. Only you can decide.

For More Information

FoolProof Education

FoolProof Education is a highly interactive, self-grading group of online lessons called "Modules." The Modules teach consumers of all ages about money, financial responsibility and the realities of the free enterprise system.

High School, College & Home School Curriculum

Closely aligned to the Common Core standards and state personal financial literacy requirements.

Educate Yourself, a Friend or Family Member

Choose from a wide variety of topics. Start and stop and continue at anytime.