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Child Identity Theft on the Increase!

Child Identity Theft on the Increase!

November 16th, 2014 | Identity Theft

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Courtesy Consumer Information Alert!

CHILD IDENTITY THEFT ON THE INCREASE…

RECENT STUDIES INDICATE THAT CHILDREN ARE VICTIMIZED
OVER 50% MORE OFTEN THAN ADULTS!

There is an ongoing misconception that adults are the primary victims of identity theft.

However, children are far easier targets for criminal identity theft.

Social Security numbers or other personally identifiable information belonging to children has been used to open credit cards in their name, with this false credit card acquisition being used to:

1 - Pay for utilities

2 - Apply for a Driver’s License

3 - Register a vehicle

4 - Fraudulent registering of deeds

5 - Initiating fraudulent foreclosure proceedings

6 - Applications for government benefits

7 - Renting of an apartment or single family residence.

A main concern is that the child or parent(s) more than often do not discover this occurring until the individual’s credit history has been destroyed or until their son or daughter applies for credit later in life.

The lack of credit monitoring on behalf children is the main reason criminals target the young consumers.  Children or their parents on their behalf rarely monitor their credit history. An active role must be taken in keeping their child’s personal information safe. Great care need be taken to protect all documents which contain(s) the child’s Social Security number and never have their Social Security card in their possession.

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Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
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