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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
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You try to protect your kids in every way possible, with bicycle helmets, healthy meals and safe surroundings. Few parents realize that of all the dangers out there, their children’s identity is uniquely vulnerable. Their financial history is a blank slate, and they never check their credit score.
Identity fraud is a serious problem, with 13.1 million victims in 2015, according to Javelin Strategy & Research. An earlier Javelin report focusing on child identity theft estimated that 1 in 40 U.S. households with children under age 18 had at least one child whose personal information had been compromised by identity criminals.
Thieves can use your child’s private information to open bank accounts and credit cards, rent an apartment, start a new job, apply for utilities, access benefits such as welfare and unemployment, take out major loans and commit crimes — all under your child’s name.
These actions can haunt your children into adulthood, preventing them from obtaining student loans, employment or housing, and burdening them with many other troubles. Take these steps to protect them from identity theft.
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