Quote:
Originally Posted by retiredguy123
Can someone please explain how a SSN can be used to steal money from another person?
|
It is stolen, not from another person, but from a credit issuing company. The criminal misrepresents himself with information that got verified via a SSN that was valid and matched the name and other information on his application.
So the impact is spread across the employees, stockholders, and other creditors having to pay higher interest rates.