Child Identity Theft
Identity theft on a child can go undiscovered for years.
While parents may have a system of alerts and credit checks to protect their
own credit, kids are easier targets. Identity theft on a child can go
undiscovered for years. You may not become aware until your child is turned
down for a job or loan due to a horrible credit history.
Signs that your
child’s credit history has been compromised include:
- Your child is denied a bank account or driver’s
- Credit card and loan offers addressed to your
- Collection calls or bills addressed to your
- Being turned down for government benefits
because the Social Security number is already in use
- A notice from the IRS that your child owes
income taxes or was claimed as a dependent on another return
Don’t immediately panic if you
receive a credit card offer in your child’s name. Financial companies sometimes
mistakenly send credit card offers to a minor but be on alert if you suddenly
start receiving a lot of mail that would typically be for adults.
Check Your Child’s
It isn’t as easy to check a child’s credit report as it is
to check your own. You’ll have to mail or fax in documentation proving you are
the parent or guardian. Experian, Equifax, and TransUnion each have their own
process for checking a minor’s credit report. To learn more, please visit: http://www.fraudsmarts.com/identity/