smart spending

9 ways to combat child identity theft

Limit the exposure of personal information
Limit the exposure of personal information © Pixsooz/Shutterstock.com

Details such as your child's full name, address and date of birth can be enough to get an identity thief started.

"Your kid's information is often in circulation in all sorts of ways," says Melinda Opperman, senior vice president of community outreach and industry relations at Springboard Nonprofit Consumer Credit Management.

Limit the personal information you and your child share on social media. In addition, don't sign up for unnecessary accounts such as magazines, mailing lists or frequent flier programs, because your child's information will be sold to marketers. At doctors' offices, write down personal details for the receptionist. Some thieves lurk in the lobby and listen for those few telling bits. At school, your child's information is likely in a directory that schools can share with third parties. Under the federal Family Educational Rights and Privacy Act, parents have the ability to opt out of that information-sharing. But parents need to actively opt out. "That's a really important thing to do," says Weisman. "A lot of times, parents aren't really aware that they have that right."

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.02%  0.15 4.17%
15 year fixed refi 3.10%  0.04 3.14%
10 year fixed refi 3.16%  0.01 3.15%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.32%  0.01 4.31%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.92% --0.00 3.92%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.81% --0.00 2.81%
48 month used car loan 3.04% --0.00 3.04%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 1.01%  0.03 0.98%
2 Year CD 1.20%  0.03 1.17%
5 Year CD 1.86%  0.00 1.86%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.73%  0.02 15.75%
Cash Back Cards 16.43%  0.02 16.45%
Low Interest Cards 10.98%  0.02 10.96%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us