Your Children Are Easy Targets for Identity Theft
Identity theft for children is more popular than you . Tami Nealy, of the identity theft protection company Lifelock, says kids and teens make attractive targets to thieves. The reason is because they know the odds are high that no one will discover the theft for a long time.
What can an id thief do with your child’s identity? After all, who’s going to give credit to a person under 18?
Identity thieves are much better at getting credit than we are. They know all the little tricks to applying but mostly they know that credit bureaus are somewhat notorious for being a bit casual in the way they match names with credit histories. We’re an impatient society today and want prompt credit. To accomodate us, credit bureaus and credit card companies work on the premise that ‘close’ is good enough.
Before (s)he’s even old enough to get a driver’s license, your child could have a mortgage, a car loan, several electricity accounts, numerous cell phones and owe plenty of taxes on unreported income to the IRS! Wow, talk about being precocious. Now you and I know that your child isn’t really the one who is responsible for all this buying and spending. And the average person you talk to about it will also be outraged. But the burden of proof is squarely on you to undo the mess. It can take years and possibly an attorney to unravel all the deceit and clear your child’s name and credit history.
You would be amazed at how many places have your child’s social security number and date of birth. Doctor’s offices routinely ask for the SSN. Now why in the world do they need that? They’re not hiring your child for a job? Just leave that blank and if they press you for it, ask them why they need it. You don’t have to give it to them.
Some identity theft protection companies offer plans to protect your children. Compare LifeLock vs Trusted ID to see how they stack up against each other. Both of these companies have reduced rates for either child or family protection.
