Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
Identity theft is one of the fastest-growing crimes in the United States, says the Identity Theft Resource Center, a non-profit organization that specializes in helping victims of identity theft.
As complaints are on the rise, the Federal Trade Commission (FTC) has become more involved in tracking identity theft complaints. It has compiled a database that aids law enforcement, and the FTC and the IRS have worked together on outreach efforts such as OnGuardOnline.gov.
“Child identity theft is often more difficult to detect because parents typically have no reason to be suspicious,” says Steven Toporoff, an attorney with the FTC’s Division of Privacy and Identity Protection.
“The long-term consequences can be significant,” he adds. “Child identity theft victims can be denied employment, housing, student or car loans, or other types of credit. They may also have problems with the IRS, such as unreported income. In some instances, they may be victims of criminal identity theft, in which case the police think the child has committed some kind of crime because the true suspect has used the child’s identity.”
“Parents should determine whether a child has a credit report when the child turns 16,” Toporoff advises. “If there are problems, that will provide the time needed to clean up the credit history before the child needs credit, such as taking out a car loan.”
“Part of the problem in determining the prevalence of child identity theft is the crime is largely unknown,” he says. “If you surveyed parents about their children, most parents would not know whether their child have been victimized.”
Steps you can take to recover from identity theft
It’s important to minimize the potential damage from identity theft. If you are a victim, the IRS advises you to:
For more information about Child ID theft and how to protect your family, visit Equifax’s Family Plan.
The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.