Parents: It Is Your Job to Help Better Protect Your Family Against Child Identity Theft

Child identity theft can devastate the financial lives of Americans before they are even old enough to drive. And until there’s a federal law passed that specifically addresses child identity theft, the responsibility of protecting a child’s identity falls to the child’s parents or guardians.

This crime occurs when a minor’s Social Security number (SSN) is used to fraudulently open credit accounts. Parents do not usually access their child’s credit report until the child is ready to apply for a credit card or student loans, so identity thieves have years to run up debt…

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