Childhood identity theft.
It’s a real thing.
Thieves steal children’s Social Security numbers and then appropriate their financial identities for personal profit. “Children represent an emerging market for identity thieves who steal their Social Security numbers because they offer clean slates that can be used to commit fraud for years without detection,” one CPA has observed. “Many victims don’t learn about the crime until they are young adults and find their credit in tatters as they are rejected for student loans, jobs, and places to live.”
(If you happen to have run across this post because you need information about that type of identity theft, here’s a helpful and free tool: Child Identity Theft Education Kit.)
Childhood identity theft is also, however, a real phenomenon in a far longer-lasting aspect of a child’s life.Continue reading.