When you think of Identity Theft you may think of someone opening up credit cards in your name or even filing taxes in your name. Take it from someone that has had their identity stolen, you need to take special precaution to protect your family from such an easy crime. Just imagine when your child turns 18 and goes to apply for a student loan and you find out that they are denied due to a low credit score and tons of debt? It’s a scary thought but it is a growing concern to parents.
In 2011, more than 19,000 child identity theft complaints were reported to the Federal Trade Commission, compared with about 6,000 cases in 2003. The victim may not find out until he or she becomes an adult and applies for credit.
Our family doesn’t put our social security numbers on anything. Not even registering for school. You always have the right to deny that option.
Check out this great Infographic from Equifax.
