Should You Monitor Your Child’s Credit Report?

Would you believe there are thieves out there trying to “sell” Social Security numbers to help people boost their credit scores?

The FBI says that quite a few of these numbers are actually Social Security numbers belonging to children. Since children must now have their own Social Security number, hackers are finding ways to steal them and sell them to people who want to create a new identity or are using it to apply for credit-then never paying the creditors back.

Of course, the people both buying and selling the numbers are committing fraud-but your child’s credit report could be ruined-and you might not even know about it for years.

The FBI is urging parents to check your child’s credit report at least once a year.

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