I live in the city by myself, and have a family living next door to me who's son I often baby sit for when they need a few hours out in the evening on occasion. I adore the little guy and though I never wanted children of my own, I have to say I enjoy sitting down and helping him with his homework or watching a ball game. He's just around the age where he will be going to high school in a year or so, and the world will continue to get bigger with cell phones, cars, girls, and yes credit cards. When you talk to kids about the economy and credit crisis this, or debt crisis that, their eyes glaze over. He openly dreads if I flip to CNN during a break from the game, so I don't spend too much time talking about the "real" world with him. I'll leave that up to his parents. But recently some scary stuff happened to him involving things previously mentioned. How might a child be at risk of being in a debt crisis before they've even owned a credit card? I heard the couple arguing over something to this nature one afternoon while their son was at school and shamefully eavesdropped for a moment. Apparently someone had opened up a credit account under his name and recklessly made purchases for all kinds of things under his name racking up an enormous bill in a very short time. This is considered children identity theft. If it continued he would be in danger of having a ruined credit score and a mountain of debt before he even became a legal adult. As the levels of their voices grew in anger I slipped off into my apartment and sat at my computer to look up why and how this criminal id theft happened.
Why would anyone want to attempt child ID theft? Surprisingly I discovered that children are 51 times more likely to be a victim of this type of crime than adults. Children are always targets for a variety of crimes and obtaining a child's social security number is all a thief needs to create a new identity for them self. One reason children are attractive in this type of crime is because a thief often can get away with the ID theft for years without being noticed. People don't start worrying about a credit rating till they are young adults or older, so sometimes a crime can go unnoticed for a decade or more. All of this could have a terrible effect on a child's future employment, ability to secure loans, and criminal history! I learned much of this information through a site called legal-yogi.com. They have experts that are ready to help once you reach out and contact them. From what I learned I went next door and advised my neighbors that if this happens to you, you should:
- Cancel all accounts that are affected and relay this possibility to the issuer of the accounts
- Call the police and file a report. Be specific about any details and things that seem of suspicious nature
- Contact the three credit reporting agencies which are Experian, TransUnion, and Equifax
- Reach out to the Federal Trade commission or the Identity Theft Clearinghouse to file a complaint
Thanks to the informative tools on legal-yogi.com I felt like an expert and they set about protecting their only child from further damaging his future because of this criminal act. Legal-yogi.com can further advise you on many aspects of identity theft including social security theft, credit card theft and business ID theft. If you are ever the unfortunate victim of this kind of crime go to these people immediately for the best help found on the internet.