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Updated about 10 years ago on .

User Stats

81
Posts
22
Votes
Gary Baker
  • Investor
  • Keller, TX
22
Votes |
81
Posts

FEIN and SSN

Gary Baker
  • Investor
  • Keller, TX
Posted

You don't need to know a person's SSN or FEIN to do due diligence on a person or company. Company data is public knowledge and a personal check on somebody can also be performed without these numbers. 

EIN identity theft is more problematic than SSN theft and is growing more quickly as there is so much more that can be done fraudulently under a company name. 

While I understand the reasons for checking pedigree, there is also the growing problem of data theft from major players on the internet, the latest in a long line being Ashley Madison (expect a few divorces when this data is leaked).  If governments cannot be kept secure and banks, medical etc, accept security questions that are often just your address and date of birth, then why should I trust this data with a tiny SME on here selling notes? Anyway, all I initially wanted was access to their "training".

I rather take my business to a local RE meeting, hopefully find someone to mentor me and try my luck there.

(ps. not online much, will pick up on comments later)