|Identity Theft’s Young Victims: How to Protect Your Children’s Identities|
When we think of identity theft, children are probably not the first victims we might imagine. Unfortunately, more and more kids are being targeted for this crime, and the culprits may not be who you think. Right now, approximately 4% of all identity theft cases involve children, which means roughly 400,000 kids a year are having their futures ruined without their knowledge. *
In an article on MSNBC.com, a 24-year old man explained that by the age of 10, his identity had been used to accumulate almost $250,000 in debt and to commit a felony. Another victim, a 9-year old boy, received a Collection notice for a $2,000 debt.
Unlike most identity theft victims, however, these two individuals know exactly who was responsible for committing this crime: their fathers. According to the article, almost two-thirds of all child-related identity theft cases are committed by family members.
A child becomes a victim, in most cases, because someone else uses their socialSecurity number and name to open a Credit Card or to have utilities turned on. While the information can be used in other ways, those are two of the most common. And, because children aren’t interested in their Credit History until they turn 18 or older, most never even realize the crime has been committed until years after the theft started.
There are some ways to protect your child against potential identity theft:
Additionally, if you are a parent you should NEVER use your child’s social security number fraudulently. Not only are you committing a crime, but you are also making your child’s life more difficult. Furthermore, if you know or suspect that someone is wrongly using their child’s Personal Information, then you should contact the authorities. Don’t sit idly by while they ruin that child’s future.
* Novotny, Monica. “Robbing the Cradle.” Countdown with Keith Olberman. MSNBC.com
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