Children and Identity Theft
By Pam Henderson
With the recent security breach of a major credit bureau, it’s a good time to revisit the topic of identity theft, and how our children may be vulnerable to this insidious cyber crime. The recent hack has been said to affect as many as 1 out of every 2 people with a credit history. So, if you applied for a credit card, a mortgage or person loan, you could be at risk.
Unfortunately, because credit may be checked without one’s knowledge by creditors, landlords or prospective lenders for promotional rates, not every person will know definitively whether or not his or her personal information (including social security numbers, birth dates and drivers’ license numbers) has been compromised by the recent breach. Some financial experts have suggested that anyone with a credit history should assume that he or she has been affected, and to be proactive in checking and protecting one’s credit. While a credit freeze requires the freeze to be lifted every time you apply for a loan or credit card, it minimizes the risk of fraudulent use of yours or your child’s credit.