How to Prevent
Companies from Using Your Social Security Number
Here are some
important tips on how to prevent companies from using your social
security number, for shoppers and
merchants.
When should I provide my Social
Security number?
Your employer and financial institution will likely need your
SSN for wage and tax reporting purposes. Other businesses may ask
you for your SSN to do a credit check, like when you apply for a car
loan. Sometimes, however, they simply want your SSN for general
record keeping. If someone asks for your SSN, ask the following
questions:
Why do you
need it?
How will
it be used?
How do you
protect it from being stolen?
What will
happen if I don't give it to you?
If you don't provide
your SSN, some businesses may not provide you with the service or
benefit you want. Getting satisfactory answers to your questions,
though, will help you to decide whether you want to share your SSN
with the business.
Source: FTC
The FTC works for the
consumer to prevent fraudulent, deceptive and unfair business
practices in the marketplace and to provide information to help
consumers spot, stop and avoid them. To file a
complaint or to get
free information on
consumer issues, visit
www.ftc.gov or call
toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The
FTC enters Internet, telemarketing, identity theft and other
fraud-related complaints into
Consumer
Sentinel, a secure, online database available to hundreds of
civil and criminal law enforcement agencies in the U.S. and abroad.
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