credit

9 ways to combat child identity theft

Check your child's credit report
Check your child's credit report © Eugenio Marongiu/Shutterstock.com

Check your child's credit report

If you suspect your child's identity has been compromised, contact the 3 major credit-reporting agencies -- Equifax, Experian and TransUnion -- and request to see credit reports on your child's Social Security number.

The credit reporting agencies are required to respond, even if it's just to report that there are no credit transactions related to your child, says Winston.

In light of rising child identity theft, some experts recommend annual checks on your child's credit report. If your child's credit history has been tarnished with fraud, you will have time to correct it "before the child applies for a job, a loan for tuition or a car, or needs to rent an apartment," says Levin.

Other experts, like Weisman, suggest a safety check when your child is 16, especially if there are no signs of fraudulent activity. By checking your child's credit at age 16, your child has enough time to sort out any possible issues well before applying for financial aid or a job.

advertisement

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.99%  0.32 17.31%
Cash Back Cards 17.02%  0.02 17.00%
Low Interest Cards 12.04% --0.00 12.04%
 
Search
advertisement
advertisement
advertisement

Credit Card Blog

Mitch Strohm

Best Business Credit Cards — Top 3 Picks for 2016

Looking for the best business credit cards? These business cards offer generous rewards, business-friendly perks and easy redemption options.  ... Read more


Connect with us