[chambernews] [Fwd: ID Theft - Kids]
Karen Amundson (Chamber)
karen at moramn.com
Wed Aug 4 11:04:44 PDT 2010
F.Y.I. - Important!
-------- Original Message --------
Subject: ID Theft - Kids
Date: Wed, 04 Aug 2010 12:29:04 -0500
From: Stefan Salmonson <stefan at protectiveservicesinc.net>
To: undisclosed-recipients:;
Important information regarding children's social security numbers and
theft. Stefan
*New ID Theft Targets Kids' Social Security Numbers, Could Threaten Credit*
*System*
The latest form of identity theft doesn't depend on stealing your Social
Security number- now thieves are targeting your kid's number long before
a child even has a bank account. Hundreds of online businesses are using
computers to find dormant Social Security numbers - usually those
assigned to children who don't use them and then selling those numbers
under another name to help people establish phony credit and run up huge
debts they will never pay off. Authorities say the scheme could pose a
new threat to the nation's credit system. The deception is emerging as
millions of Americans watch their credit scores sink to new lows.
Figures from April show that 25.5 percent of consumers - nearly 43.4
million people - now have a credit score of 599 or below, marking them
as poor risks for lenders. They will have trouble getting credit cards,
auto loans or mortgages under the tighter lending standards banks now use.
/ /
/ /
/The credit bureaus Equifax, TransUnion, and Experian allow parents to/
/request a free credit check-up, what's called a Minor Child Credit File
Check. Credit bureaus will require parents to submit photocopied
documentation such as a driver's license, social security card and/or a
birth certificate to verify identities before credit file information is
released. Tips on how to protect your child from identity theft can be
found here:/
/ /
/http://www.bankrate.com/brm/news/debt/20070103_child_identity_theft_b1.asp/
*Source: StarTribune - 8/3/2010 - Author: Bill Draper*
http://www.startribune.com/business/99761574.html?elr=KArks:DCiU1OiP:DiiUiacyKUUr
*FOR OFFICIAL USE ONL*
*PROtective Services, Inc.*
Office: 320-679-4848
Cell: 612-961-5867 (24/7)
E-mail: Stefan at PROtectiveServicesinc.net
<mailto:Stefan at PROtectiveServicesinc.net>
WEB: WWW.PROtectiveServicesinc.net
<http://www.protectiveservicesinc.net/>
Member: ASIS, INTELLENET, NLA, MAPI, SOTA
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