Child ID Theft – can be years before discovered!

id theftSchool is about to start soon! “Little is known about the true scope of child identity theft. Child advocates, regulators, financial services and other professionals agree it is a particularly damaging crime that can go undetected for years (my emphasis added), only to be discovered when the victim applies for a student loan or credit card.” … this according to Identity Theft Assistance Center’s 2012 Child Identity Fraud Report.

School’s may unwittingly put child information at risk, either through data breaches or information sharing. Or, your child may unwittingly fall victim (just like you can) through ill advised use of the internet.

The Federal Trade Commission has a great website that can walk you through each phase … and hopefully the only phase you need is the check-it phase.

You can monitor your child’s credit history through reports from credit bureaus just like you monitor your own. Here’s how you can do that because they are minors.

Such is the world we now live in. Your child doesn’t know – but you do – so it is up to you to protect their identity and information just like you would protect your own. It will be important for their financial future.

One Response to Child ID Theft – can be years before discovered!

  1. Larry Frank, Sr. September 27, 2018 at 10:55 am #

    I recommend that parents place a freeze on their child’s credit. This does essentially the same thing as putting a freeze on their SSA account too – no one will be able to use the child’s SSN number to open a credit account, get a loan, or activate their Social Security My Account (once it is activated – the true SSN holder can’t open it themselves again and need to go through the difficult process of proving it was fraudulently opened).

    Locking your credit may be an alternative too … my credit reporting agency app has a lock and unlock feature in the app.

    https://money.cnn.com/2017/10/11/pf/kids-identity-theft/index.html

    “Never to Young to Have Your Identity Stolen” by Barbara Whitaker https://www.nytimes.com/2007/07/21/business/21idtheft.html?pagewanted=all

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