Do you know your child could be a target for identity theft?
(BPT) - Imagine that you've taught your child everything they
need to know about personal finance. Then as he's getting ready
to head off to college and applies for financial aid, he's
unexpectedly rejected for financial aid due to poor credit. Yet
he's never applied for credit in his life. Sounds outrageous,
doesn't it? But this can happen to victims of child identity
theft Most Americans are aware that identity theft is a
significant problem, and that it's important to take measures to
protect your identity. What people might not know is their
children may also be targets of identity theft before they even
become old enough to own a credit card. The Federal Trade
Commission has identified child identity theft as a growing
problem and encourages parents to do what they can to minimize
the risks to their children. How does it happen? The most common
way a criminal can steal or misuse the identity of a child is to
get access to the child's Social Sec