5 Reasons You Should Replace Your Social Security Card Right Away If It Is Lost or Stolen

Financial Survival, Protect Your SSN

If you lose your social security card or have a feeling that it has been stolen, take necessary actions to replace it immediately. Your social security number is probably one of the most important form of identification you have from the government.

When stolen, someone can use your social security number to purchase property or even transact your financial accounts. In addition, criminals can use your social security card to commit crimes or even sell it to an illegal immigrant. A social security card has a number of benefits to the card holder.

Replace your card to be able to open a bank account. If your social security card is stolen, you wouldn’t be able to memorize that number for a long time. Getting a card replacement is safer especially if you want to open a bank account. Some banks require you give them your number while others ask for the card.

On average, $15 billion is stolen from Americans every year. Most, if not all, fraudulent transactions have been linked to lost or misplaced cards that weren’t replaced or reported immediately. Therefore, banks ask for other documents such as your social security card or number to help minimize identity theft.

  1. Prevent Fraud

Your social security card has both your social security number and your full names. The two pieces of information are enough for a fraudster to steal money from your bank account or engage in identity theft. With the information on your social security card, a criminal can easily access your finances.

Criminals can also open accounts, get healthcare, file fraudulent tax returns and a lot more, using your lost or stolen card. If you discover that your card has been stolen, the first thing you should do is take immediate action to protect yourself and finances from theft and fraud.

  1. Get a Passport

A passport is an important travel document. Many times you want to get out of the country for vacations or even a business meeting. When applying for a passport, you need to prove your identity. One document that can help you prove you are the person applying for a passport is the social security card.

A social security card makes it easier for your application to be approved to get a passport. So, in case you lose your card, replace it immediately.

  1. Health Insurance

Insurers need your social security number to provide you with a health insurance cover. In certain cases, insurance companies need your social security card for security reasons. You cannot afford to miss health insurance because you don’t have a social security card.

You are aware of the benefits of having health insurance cover, especially when you or your family member becomes ill and cannot afford to pay medical bills.

  1. A New Job

New employers definitely ask for social security cards for the purposes of identity and tax compliance. If your card is lost or stolen, it’s better to replace it immediately, especially if you are expecting a new job. You wouldn’t want to slow the process of starting your job.

  1. Credit Card Application

Financial institutions might also ask for your card including a copy of it to prevent fraudulent actions. Moreover, they use your social security number to verify if you are creditworthy.

Whether your card is lost, stolen or you’ve simply never applied for one, you need the card for various reasons. Make sure your card is always kept in a safe place and if possible, only walk around with a copy to help you access your number if need be.

You won’t just reduce the risk of losing your card, but also get to bring it with you only when you know you intend to use it.

Do you want to replace social security card? Contact us to find out how we can help you get replacement card ASAP.

 


 

7 Ways to Prep for an Economic Collapse

With Trump becoming president, many believe he’ll be able to pull the United States out of its financial difficulties, that everything will finally be ok. However, it doesn’t take a genius to see that things are not necessarily going to get better, especially if you look at the first moves he has made since he came into office.

Trump doesn’t have an alternative to Obamacare, and the almost $20 trillion debt is not going to vanish. In addition, Trump himself said on more than one occasion that we’re in a bubble and, if that bubble were to burst, we’re all in trouble.

No one man, not even the president, is capable of fixing all of the country’s problems. An economic collapse could be triggered by a number of things; let’s not forget that Venezuela descended into chaos after a series of socialist measures followed by the drop in oil prices.

Fortunately, the prepper movement can teach us a thing or two about surviving a dollar collapse. Now, I’m not going to talk about gold, silver, hedge funds or any of the topics you guys know much more about than me. Instead, I’m going to stick to what I know and offer you other ways to prepare, ways that won’t make you look like a crazy Doomsday prepper.

#1. Get Out of Debt

Trivial, I know, but it’s worth repeating a thousand times. Why else are 80% of Americans in debt? There are various theories of what would happen to debt post-collapse and none of them are pretty. The most likely scenario is that you’ll still owe money to the banks, and with an inflation spinning out of control, anything can happen.

#2. Stock Up On Basic Foods

Beans, rice, water… you’ll needs lots of if you’re going to survive a long-term disaster. Many non-preppers think that stockpiling is all about MREs and freeze-dried foods. Quite the opposite; you should be storing foods you already eat, and have a variety of them in your pantry.

#3 Stock Up On Barter Items

Before money, there was bartering, and each economic collapse or recession sees people going back to this form of trading to avoid cash. You probably heard about preppers stocking up on toilet paper, right? This cheap item is going to be one of the most sought-after item when store shelves are empty… but you don’t have to fill your attic with it, you know.

There are other items you can add to your stockpile for dark days: tooth paste, floss, gardening tools, clothes, books and so on.  Add to these food, water and medical supplies, of course, most people living in cities will be desperate for them.

#4. Always Have Cash on Hand

Unless you want your money trapped in banks and your cards locked (like people in Greece experienced during their economic collapsed), you’re going to need cash to pay for things. No, I’m not saying money will be useless; that’s not what prepping is about.

#5. Think About the Other Disasters and Emergencies That Could Affect You

An economic collapse will bring with a huge amount of problems: riots, gun fights and an increase in looting, burglaries, home invasions and so on. I’m not saying they will affect you, but you have to think about your safety and security.

#6. Become Partially Self-Sufficient

You don’t have to move out to the wilderness and live in a wooden cabin with no Internet. Starting a garden, installing a few solar panels and setting up a rainwater harvesting system are few things you can do to ensure you have food, water and energy, when the others won’t.

#7. Focus on Your Skills

No, I’m not going to suggest you should learn how to milk a cow or how to forage for wild edibles. Unless you’re interested in learning them, of course. The thing about skills is that, once you learn one, you can barter with it again and again because everyone will want you to help them.

So which skills will be useful in an economic collapse? Things like first aid, plumbing, woodworking, fixing cars, fixing computers and other electronic devices come to mind… but the reality is that any skill could come in handy.

I’m willing to bet almost everyone knows how to do something that could be useful post-collapse. The “trick” is to improve on that skill so you’re able to help as many people as possible. In addition, how about you take on a hobby you were meaning to, but never got to? Gardening, fishing, woodworking – these are just a few of the skills that could come in handy post-collapse.

Final Words

Regardless of whether or not you believe an economic collapse is coming, one thing is clear: there is a chance it will happen. So why not take a few simple steps to prep for it?

Dan F. Sullivan

 

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