This is a blog post published in partnership with BraVoMark, LLC and Identron.
Child identity theft is the fastest growing crime in the US
Congrats High school grad! The day has finally arrived to apply for college and hence probably a college loan. You excitedly open up the college loan response and see a big DECLINED!!!! How can this be? Why would you not qualify for a college loan?
Unfortunately, the answer is because when you were about 5 years old, an identity thief stole your social security number. Possibly it was stolen from a school, camp or sports organization. It is only recently that there has been a greater sense of protecting our personal identifying information, especially online. Every day since internet usage became a part of everyday life, we have been sharing voluntarily and involuntarily personal information over the internet.
The identity thief stole your social security number and created and a fake person also known as a “synthetic identity”. And Only now when you need credit, you find out that your social security number has been misused for the past 13 years!
Now there are 13 years of negative credit reports, a mountain of debt and quite a mess to clean up. The first step is with convincing the credit card companies, banks and whoever else is owed money that you are not responsible for the actions used with your social security number. Next is cleaning up the damage that has been done. In this situation, the clock is ticking to try to get the college loan that you need to further your education. This would be devastating to any teen who had their heart set on going to college with the help of financial aid.
Child identity theft is very popular with identity thieves because ID thieves know that most parents are not checking on their children’s social security numbers before, they turn 18 years old. Legally no one should be using a minor’s SSN. A child’s social security number is a fresh clean slate for an identity thief to use for many years before they are detected.
So, what should parents do?
Here is one very good option. Parents can find more information to protect their families from identity theft at: www.IdentityProtectionPlanning.com
Identity Protection planning is a Connecticut Company founded by Dana Mantilia Coady. Dana is a businesswoman with 3 of her own children along with 4 additional stepchildren. Protecting her children’s identities is very near and dear to her heart. Identity Protection Planning was developed to focus on educating, organizing, and protecting families from identity theft. There is a real need to help educate parents on the risks associated with both adult and child identity theft. Identity Protection Planning offers IDENTRON identity theft protection plans.
For roughly 80¢ a day a family of four will be protected. Identron provides the most comprehensive family identity theft protection available on the market today. The Identron Parent Plan provides complete protection for 1 adult and up to 4 children. See why Identron is different from any other identity theft protection company on their site.
It is much better to be proactive about protecting your family from identity theft instead of dealing with the time, frustration and expense associated with cleaning up an identity fraud situation. Take a few minutes of your day and check out which IDENTRON Plan suits your family’s needs.
Disclosure: Mommy Makes Time receives products in order to conduct reviews. No monetary compensation was provided unless noted otherwise. All opinions are 100% my own. Some posts may contain affiliate links that I receive commission or payment from in exchange for referrals. In the event of a giveaway, the sponsor is responsible for delivery of the prize, unless otherwise noted in the posting. I only recommend products or services I personally use and believe will be a good fit for my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 225: “Guides Concerning the Use of Endorsements and Testimonials in Advertising
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Wow, I honestly didn’t even think about child identity theft. That’s really sickening. I’m so glad you posted this so I can check my kids credit. Thank you so much for sharing!