We’ve all heard the jokes and stories of parents and relatives wrongly putting credit cards, appliances, phone bills, etc. in a child’s name.
But guess what? It’s a very real problem. And the culprits aren’t just family members. Scammers and identify thieves are targeting your children, too.
Children are actually a perfect target for identity fraud because they often have a clean slate when it comes to their credit. Furthermore, fraudulent credit purchases and activity are more likely to go undiscovered on a child’s account much longer than an adult with active credit.
Watch the video below from Credit.com to see what you can do about it
BMWK, what steps to you take to protect your family from credit fraud?
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