"When it comes to some of the most sacred things in our lives financially, our social security number is undoubtedly near the top. Should a social security number become lost, it can lead to identity theft, fraudulent credit cards being opened, and so much more damage. Reversing any of these scenarios can take years and significantly impact you if you want to buy a home, a new car, or travel."
"Official SSA advice is to keep the card at home and ask why your SSN is needed, how it will be used, and what happens if you refuse to provide it. This post was updated on October 20, 2025 to clarify official SSA advice regarding your SSN, reasons banks may confirm your SSN, that medical providers may request it for billing purposes, and the key being always use verified secure channels."
Social Security numbers are highly personal and sharing them increases risk of identity theft, fraudulent accounts, and long-term financial harm. Keep the physical card at home and ask why an SSN is needed, how it will be used, and the consequences of refusing to provide it. Provide an SSN only when legally required or when opening accounts, obtaining credit, or for verified identity verification and tax reporting. Banks may confirm SSNs later. Medical providers may request SSNs for billing. Use verified secure channels and regularly monitor accounts and credit scores. Refusing unnecessary requests can prevent fraud and simplify recovery processes.
Read at 24/7 Wall St.
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