We hear so much about protecting our identities, but it’s even more important than ever to protect your children.
A recent report by AllClearID found children have their identities stolen 51 times more frequently than adults.
Researchers found that 4,311 or 10.2 percent of children in which it studied found someone else already using their Social Security number. That’s compared to only 0.2 percent of adults.
“Among the victims described in the report: A 16-year-old girl in Arizona with 33 credit accounts linked to her name, including three mortgages; a college student with $300,000 in debt that was the result of the transposition of numbers; a college student from Texas who lost an internship because her background check classified her as "unemployable"; and a 30-year-old woman in Arizona whose identity was compromised when she was 12 and who is still haunted by her imposter. When she tried to buy a home recently, her bank told her she had a recent foreclosure on her record.”
The best way to protect your children is to check their credit reports as often as you check your own. Remember you get three free credit report checks each year by going here.