The world is no longer a safe place when it comes to protecting your identity. Today, even children are not spared in terms of identity theft. In fact, children have become as vulnerable as adults. Most of the time, the crime is done by someone who is close to the family of the child such as a friend or a relative, etc. However, there are times when the identity theft of the child is conducted by an unknown person if he wants to get advantage by damaging the child’s credit. The theft goes undetected until your child seeks admission in a school or a college or he applies for a student loan. It therefore becomes the parent’s responsibility to see that cases of child identity theft do not happen with their own children.
The parent or the guardian can take some basic precautions to see that their child does not fall prey to identity theft. As soon as your child gathers some senses, you should teach him to never reveal his private information to a stranger. He should not talk or mingle with any strangers without the parent’s permission. The parents should teach their children to not share confidential information such as passwords, social security numbers, address, telephone numbers and any other personal data that people can misuse.
In case you have to submit confidential information, such as birth certificate, etc., to institutions such as a school, do see to it that it will not be misused for something else. The child should not take his card containing the social security number out of his house. Confidential information should be left at home as far as possible. Always check your child’s bank account statements for any red marks. Do not avoid looking at your child’s bank statements just because there will be zero or very few transactions at such a young age.
Always check your child’s credit report from time to time. You can get a free credit report (once a year) from any of the credit report agencies like TransUnion, Experian and Equifax. See to it that there are no activities carried by crooks in the credit report. Since there have been no transactions from your child’s side there should be no information about the same. The children should be taught to change their online passwords and other secure information regularly. As far as possible, the children should memorize their passwords instead of writing them somewhere. The password should be easy to remember for the child but at the same time it should be difficult to crack for the culprit.
Many credit reporting agencies have people who are trained for cases dealing with child identity theft. In case you are worrying whether your child’s identity is stolen, you can get in touch with a reputable Credit Monitoring Agency and tell them to show you credit files to check if there are any transactions done in your child’s name or not. Taking such precautionary steps will ensure that your child does not fall another prey to the many cases of child identity theft. After all, you have to secure your child’s present and future.