Identity Thieves Can Ruin Your Kid's Credit

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Identity Thieves Can Ruin Your Kid's Credit

Jun, 7th 2017

We all want to protect our children and set them up for the most prosperous futures possible. While we can't ensure they'll all become savvy investors, there's one smart thing we can do now that will help clear their path to financial success: freeze their credit.

Identity thieves often target children, stealing their social security numbers and compromising their future credit. Even if you're not planning on opening up a credit card in your 8-year-old's name any time soon, many financial experts say the best thing you can do to protect your child against identity thieves is to freeze their credit now, which can prevent them from becoming victims and halt any wrongdoing if you discover his or her credit and SS number have already been compromised.

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