What to Do When Your SSN Is Stolen
Identity theft is a serious issue that can have long-lasting consequences on your financial and personal life. One of the most common forms of identity theft is the unauthorized use of your Social Security number (SSN). If you discover that your 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 secure your identity.
1. Place a Fraud Alert on Your Credit Reports
The first step you should take is to place a fraud alert on your credit reports. This will notify creditors that you may be a victim of identity theft and require additional verification before opening any new accounts in your name. You can place a fraud alert with any one of the three major credit bureaus, and it will be shared with the other two. This process can be done online, over the phone, or by mail.
2. Request a Credit Freeze
A credit freeze is a more robust measure that restricts access to your credit report, making it difficult for identity thieves to open new accounts in your name. You can request a credit freeze with each of the three credit bureaus separately. This process may require a fee, depending on your state and the bureau. Keep in mind that a credit freeze will not prevent all forms of identity theft, such as someone using your SSN to file a tax return or claim government benefits.
3. Monitor Your Financial Accounts
4. File a Police Report
It’s important to file a police report if your SSN has been stolen. This report can be used to support your identity theft claim and may be required by some creditors or government agencies. You can file a police report either online or by visiting your local police department.
5. Notify the IRS
Identity thieves may use your SSN to file a fraudulent tax return. To protect yourself, notify the IRS by calling their Identity Protection Specialized Unit at 1-800-908-4490. You may also need to complete and submit Form 14039, Identity Theft Affidavit, to the IRS.
6. Contact the Three Credit Bureaus
Report the theft of your SSN to each of the three credit bureaus. They will provide you with guidance on how to proceed and may assist you in monitoring your credit reports for suspicious activity.
7. Consider Identity Theft Protection Services
Identity theft protection services can provide additional layers of security and monitoring to help you detect and respond to identity theft more quickly. These services may offer credit monitoring, fraud alerts, and assistance with resolving identity theft issues.
By taking these steps, you can minimize the damage caused by the theft of your SSN and help protect your identity. Remember to stay vigilant and regularly monitor your financial accounts for any signs of fraudulent activity.
