InvestigateTV – As fraud numbers proceed to extend, identification safety specialists are urging mother and father to freeze their youngster’s credit score to keep away from a lifetime of economic complications.

In accordance with the Federal Commerce Fee, identification fraud incidents elevated round 45% in 2020, with youngsters regularly the goal.

James Lee, the COO for the Id Theft Useful resource Heart, a nonprofit targeted on serving to folks with identification crimes, stated it’s extra essential than ever for folks to think about freezing their youngsters’s credit score as a result of in lots of instances a baby’s social safety quantity is extra beneficial than the mother or father’s data. 

“As a result of, consider this fashion, it’s clear, it’s by no means been used,” Lee stated. “So, an identification thief who obtains a baby’s data can use it for a decade or extra earlier than anyone realizes that there’s one thing flawed.”

He stated usually the primary time you determine their social safety quantity is compromised is when your youngster applies for school.

Lee stated if it’s been occurring for many years, this could have lifelong penalties in your youngster and be very troublesome to repair.

To get extra information on how you can freeze your youngster’s credit score, go to https://www.equifax.com/private/training/identity-theft/freezing-your-childs-credit-report-faq/

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