Newsletter
Protect Your Child's ID
It's hard to believe, but the new trend in identity theft has to do with
your children. Thieves are using the Social Security numbers of infants
and young children. Your child's financial future can be ruined before
they even learn to walk. There are some things that may alert you, as
well as some steps that you can take to prevent this from happening to
you.
It's important that you take action on any suspicious activity. It could
be disastrous if a stolen identity is not discovered until your son or
daughter needs credit. Many years can pass until you find out that someone
else has been abusing your child's credit and if you don't catch it right
away it can be a nightmare.
If your child is receiving any mail from creditors or collection agencies
you should be suspicious. They may also receive credit report information
or even tax papers. If you suspect that something is wrong, contact the
credit reporting agencies. You will have to provide them with any pertinent
information that is requested. You should then receive a response in regards
to your child's credit.
There may be some times that you do get mail with your child's name on
it. This can happen if you have accounts open in your child's name. It's
not unusual for creditors to get lists from banks that may contain your
child's name. It never hurts though to be cautious and still make sure
there is not suspicious activity involving your child's information.
You will want to take the same precautions with your child's identity
that you use with your own.
You don't want to carry around their Social Security card. Make sure that
it’s stored in a secure place. You will also want to shred any papers
that contain their Social Security number once you have no more use for
them. Make sure you inform your older kids to not give out any of that
information to anyone, especially on the Internet. They also want to avoid
posting any other private information like phone number, address, or full
name.
If you do have accounts in your child's name make sure that you are the
only one that has access to them and request that a photo ID be shown
to receive any information. You can also set up passwords to help insure
your security.
If you have the feeling that your child's identity has been stolen it
is important that you get a hold of the FTC and file a complaint right
away. You can file a complaint online at www.ftc.gov or by calling 1-877-438-4338.
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It is our policy at Pioneer Credit Counseling not only to help people get out of debt, but also educate in sound budgeting practices.
Pioneer Credit Counseling can help you get out of debt faster. Find out how through one of our Debt Management | Debt Management Programs | Credit Counseling | Financial Counseling | Housing Counseling | Bankruptcy Counseling | Financial Educational Materials
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