[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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