Types of Credit Reports:
-Credit Monitoring System
-Free Credit Report
a Report Yearly
Credit Achieving Tips:
Credit Scoring Blunders:
-Identity Theft Basics
& Identity Theft
-Seniors & Identity Theft
-Privacy Questions to Ask
KEEPING YOUR CHILD'S IDENTITY SAFE
Did you know that child identity theft is one of the
fastest growing crimes i America? In fact, according to
FTC (Federal Trade Commission), over 450,000 kids have
their identities stolen every year.
Children are easy targets for two main reasons:
1) Kids have clean credit
2) The identity theft usually goes undetected for years, until the child
looks to obtain some sort of our credit on their own.
Is it a good idea to get a copy of my child's credit
Unless you believe that your child may be a victim of
identity theft, there is no reason to pull your child's
credit report annually. In fact, your child should not
even have a credit file unless an identity thief has
already started abusing their credit by illegal use of
the social security number.
*** Ordering a credit report will generate a credit
file, opening the door of vulnerability for abuse of your
What can I do to prevent my child's identity being
-- Do not give anyone your child's SSN or
birth certificate, not even a copy. The number one
culprit of children identity theft are family members!
Here a list of
instances when your child's SSN is required to be
-- Destroy all documents and paperwork that has copies of SSN by
shredding them, not just tearing.
-- Never keep your child's social security card in your pocket. Only be
in possession of this document when you are certain that
you will need it.
-- If you can, utilize a lock-and-key mailbox. Leaving outgoing mail in
an open, unattended mailbox is very dangerous, especially
if you live in a multi-family house or apartment
building. Receiving mail in this manner is equally as
-- Kids in college should have their mail sent to their parents home
since it is very common that they change addresses every
year. This frequent moving makes it routine practice for
credit card companies to send card offers to one of the
-- Educate your children about not giving out any of their (or family
members) personal information over the Internet or
What are the red flags for children's' identity theft?
-- Contact from
collections agencies regarding credit cards and/or
bills in your child's name.
-- If you start receiving pre-approval credit card offers for your child.
This is especially a red flag if your child does not have
a bank account.
-- As mentioned, it is very common for family members to be the criminal
in children's identity theft. So, if you receive a call
from a relative, and your child's name is on the called
ID, you can be certain that this family member has stolen
your child's identity and in the very least is using it
to get phone service. An ex-boyfriend or wife should
always be closely watched.
-- Letters stating that your child owes money for taxes, tickets, or that
there are warrants in their name.
-- Denial of governmental benefits because of 'income, already getting
benefits' or there is a request to 'verify his/her job'
and your child does not receive benefits and/or has never
had a a job.
-- A letter from the IRS stating that your child's social security number
and/or name has already been filed on another tax return.
How can I get a copy of my child's credit report?
If you feel that your child has been a victim of
identity theft, get a copy of their credit report
immediately. We suggest that you either obtain a
report or enroll your child in the
program. Learn more about
Teach your kids how to manage their finances!
Helping kids understand credit cards
How to keep your child's Social Security Number safe
No credit tips:
Do you have a child that is in their teens? Are you
looking to build their no credit history into a positive
one? We feature an article that teaches people
how to build their credit.
Star Loan services also offers
car loans for people with no credit. These loans are
ideal for kids looking to establish their credit ratings.