While doing research for my article on freezing your credit score score, I observed that it is also feasible to installation a credit score freeze for a child more younger than 17. On the face of it, this seems like a difficult detail to do, thinking about children that younger can't legally borrow coins and shouldn't have a credit score record inside the first location. And it's right, they cannot open credit score rating debts for themselves?But that does not stop different humans from developing money owed using their statistics. In fact, the very fact that youngsters cannot create their very own credit reviews makes them mainly attractive goals for identity thieves, because they might create a fake credit profile with a younger infant's information and use it for years with out getting stuck.
This appeared like a massive sufficient deal to deserve an article of its own. So my modern Money Crashers article is all approximately the trouble of identification robbery. It covers:
- How child identity theft happens, and how it differs from adult identity theft
- Who commits this crime and why
- Which children are most at risk
- What it can cost the victims and their families
- Warning signs of child identity theft
- Ways to prevent it, including checking and/or freezing your kids' credit reports, protecting their personal information, being aware of risky situations, and talking to your kids about it
- What to do if your child is a victim
How to Prevent & Avoid Child Identity Theft – Protection For Your Kids