A New Plan to Fight Child ID Theft: Automatically Freeze Kids’ Credit
Identity thieves often target children for many reasons: First, children haven’t had a chance to damage their credit yet, so the clean slate of a child’s blank credit history can be appealing to someone who may have trashed theirs. Additionally, because kids shouldn’t have a credit history yet, few parents or guardians are checking to see if credit has been fraudulently opened in the child’s name, which allows thieves to go about their business unnoticed. There are various estimates of child identity theft that say there are hundreds of thousands of child identity theft victims reported each year. If it were impossible to open credit accounts using the Social Security number of someone who is younger than 18 years old, perhaps child identity theft
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