By Jocelyn Baird, NextAdvisor.com
One of the more insidious kinds of identity theft is child identity theft. Since children aren’t supposed to have credit in the first place, this crime is often not discovered until years after the fact, when the child has grown into an adult and goes to open their first credit card or apply for a loan. Realizing that what should be a pristine credit history has been tarnished is a devastating feeling, and it can leave both the young adult as well as their parents or guardians confused, angry and discouraged. Parents with children under 18 might be wondering if there’s any way for them to catch child identity theft closer to when it happens, rather than finding out years later. We’ve got the answer to that question as well as tips on proactively protecting your kids from identity theft.
Can you catch child identity theft early?