Child Identity Theft

child identity theftNobody wants to be the victim of identity theft no matter what their age, however child ID theft can be completely devastating when children grow older and learn that their credit has already been destroyed while they were still young.

Child Identity Theft Threat Level – High!

Small children make perfect targets for id thieves due to the fact that they have not established any credit history and their credit reports are 100% clean.  Parents rarely think about the credit history of their kids, which means they can remain unchecked for the better part of a decade.  How vulnerable are children to identity theft?  According to police agencies, young kids are now more likely to become victims of child identity theft than adults.

How Do ID Thieves Prey on Young Children?

Because their credit is perfect, identity thieves can take the identities of children and use them to easily open credit cards, home and auto loans that they will never pay back.  They can even use their identity to apply for jobs or identification such as drivers licences.  Children can have their identities stolen while they are still infants.

Child ID Theft Warning Signs

Several things can let you know that your child’s personal information may have fallen into the hands of an identity thief.  As an example, your child or yourself might:

have not be able to receive government benefits because your child’s social security number is already attached to another account which is receiving the benefits.
receive an IRS notice stating that your child has not paid income taxes or that their SSN was filed with another tax return.
received bills in the mail for accounts you did not set up, or calls for payments on services or products you did not purchase.

Stolen Information Can Include:

  • SSN #
  • Other personal information

Possible Issues Resulting from Stolen Information:

  • Identity theft
  • Employment-related fraud
  • Loan fraud/payday loan fraud
  • Bank fraud
  • Benefits fraud
  • Tax fraud
  • Other identity fraud