Comments on: Children Are Becoming Prime Identity Theft Targets – How to Protect Your Child’s Credit History

By: Roundup and Link Love - Restful October Weekend Edition | The Wisdom Journal

Sat, 18 Oct 2008 20:14:47 +0000

[...] @ Boston Gal’s Open Wallet This recession can ultimately be a good thing @ Sense to Save How to protect your child’s credit history @ Gen X Finance How to dress well for less – frugal clothing 101 @ Not Made of Money Mommy are we [...]

By: The Wallet : Loose Change: 10/13/08

The Wallet : Loose Change: 10/13/08 — Mon, 13 Oct 2008 12:49:08 +0000

[...] Personal Finance: -Five things you can do now to gear up for yuckier economic times. Removing the credit card from Amazon.com is especially helpful for those of us who start innocently browsing books and end up…sigh. [Wheaties for Your Wallet] -Financial crises bring out the control freak in all of us. Channel that anxiety into improving your credit score. [NY Times] -Speaking of credit scores and credit reports, you might want to spread the teachings to your kids. Youngsters are increasingly at risk for identity theft. [GenX Finance] [...]

By: Todd

Todd — Mon, 13 Oct 2008 12:32:53 +0000

I agree with Amanda. I’ve got twins on the way and I plan to freeze the kids’ credit (like my wife and I have done) as soon as they have social security numbers. Then when they’re older (~13 or so is my guess) I’ll think about letting them begin to build their credit.

By: My Choice for President and PrimeTime QuickHits | Prime Time Money

My Choice for President and PrimeTime QuickHits | Prime Time Money — Mon, 13 Oct 2008 03:15:47 +0000

[...] .50 rate cut means for Helocs & Credit Cards My 401k has lost a lot of money – how about yours? Children Are Becoming Prime Identity Theft Targets – How to Protect Your Child’s Credit History My 401(k) Is Losing Money and I Don’t Care How to Carve a Pumpkin (without losing a finger) [...]

By: Weekend Links - New Kids On The Block Edition

Weekend Links - New Kids On The Block Edition — Sun, 12 Oct 2008 23:22:02 +0000

[...] Generation X Finance says children are becoming prime identity theft targets! [...]

By: Weekly Roundup: Medical Update Edition | Frugal Dad

Weekly Roundup: Medical Update Edition | Frugal Dad — Sat, 11 Oct 2008 12:26:24 +0000

[...] Children Are Becoming Prime Identity Theft Targets-How to Protect Your Child’s Credit History. It is a sad note that children are now becoming victims of crimes previously committed almost exclusively against adults. Not only do we have to worry about our kids’ physical safety; now we have to worry about their credit history as well. [...]

By: Rob Douglas

Rob Douglas — Fri, 10 Oct 2008 12:18:05 +0000

This is a well written and informative piece.

By: Kevin

Kevin — Thu, 09 Oct 2008 19:54:02 +0000

Wow! That is shocking. I definitely need to tell my brother to check my nephews’.

By: Amanda

Amanda — Thu, 09 Oct 2008 18:22:42 +0000

Freeze the credit reports of your children until they reach the age of majority. Write to each credit agency certified mail and ask that your child’s credit report be frozen — you have to give different information to each agency. If your child’s credit report is frozen, no potential creditor can see their credit history so it will be much less likely that credit is issued in their name.

By: NickFadz

NickFadz — Thu, 09 Oct 2008 17:57:21 +0000

I have 1 year old twin daughters and given that length of credit is a big part of your credit score, I have been considering opening cards for them as soon as possible (not as soon as reasonable). I actually suggested to my wife that we open cards for them in the next few months so if done, I would be reviewing their credit reports regularly to avoid any fraud like this.