Monday, November 5, 2012

No Minimum Age Limit for Identity Theft

Never Too Young to be Scammed

Young children have become increasingly at risk for identity theft. In fact, ID theft among victims age five and younger has doubled - just since 2011. According to the 2012 Child Identity Theft report from AllClear ID, children are 35 times more likely to be victims of identity theft than adults.

The impact of identity theft on a child's life can be devastating, affecting the ability to get a loan, scholarship, apartment, credit card or job. For specific ways to protect your child's identity, read the Federal Trade Commission (FTC) fact sheet, "Safeguard Your Child's Future."

It contains instructions for checking your child's credit report, placing an initial fraud alert, requesting a credit freeze, and filing a report with the FTC.

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