Social Security Number Assignments: Coincidental, Intentional or Urban Legend?

8 Pages Posted: 16 Oct 2013

See all articles by MiEsha Strickland, MAHLP, MPA (DHA)

MiEsha Strickland, MAHLP, MPA (DHA)

Franklin University; Hofstra University - Maurice A. Deane School of Law, Students ; Cleveland State University - Maxine Goodman Levin College of Urban Affairs

Date Written: October 13, 2013

Abstract

One can agree that the Social Security Administration does issue social security numbers for the purpose of calculating retirement, social security benefit recipients and data organization. However, three major credit bureaus use the same issued social security numbers as part of their data to assist lenders, property managers, and employers in decision making concerning the applicant. Moreover, the credit bureau agency issues credit score data based on geographical locations of the people seeking credit. Credit bureau agencies compile data in target groups and compare the controlled data to compose individual credit scores which is attached to individual social security numbers. Perhaps the even fifth digit of the social security “group number” segregation is a myth, urban legend, or coincidental. However, if this is intentional data, this data may concur with the separation of the United States born whites from other races, ethnicities, immigrants, and internationals. The data may correlate with lower credit scores and unequal lending opportunities or higher interest rates.

Keywords: Credit Reporting Agencies, Social Security Numbers, Demographics, Racial Coding

JEL Classification: R00

Suggested Citation

Strickland, MiEsha, Social Security Number Assignments: Coincidental, Intentional or Urban Legend? (October 13, 2013). Available at SSRN: https://ssrn.com/abstract=2339813 or http://dx.doi.org/10.2139/ssrn.2339813

MiEsha Strickland (Contact Author)

Franklin University ( email )

201 S. Grant Avenue
Columbus, OH 43215
United States

Hofstra University - Maurice A. Deane School of Law, Students ( email )

Hempstead, NY
United States
216-835-6698 (Phone)

Cleveland State University - Maxine Goodman Levin College of Urban Affairs ( email )

1717 Euclid Avenue
Cleveland, OH 44115
United States

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