Preventing Child ID Theft With a Credit Freeze

No matter where you live, a credit freeze is a great way for you to prevent identity theft — particularly the opening of new credit cards, loans and service accounts in your name. But depending on where you live, a freeze isn’t easy to get for your offspring. Although legislation has been introduced, currently there are no federal laws concerning credit freezes for children, and only 23 states have passed laws requiring credit reporting bureaus to freeze a minor’s credit …

Scam-Proof 2016 With These 7 Simple Steps

Happy New Year! Start 2016 on the right foot, with these simple steps to reduce your risk of scams: Freeze your credit file. The best way to proactively prevent identity theft (as well as minimize damage after it occurs), a credit freeze restricts access to your credit report. Without being able to review it, most creditors won’t issue loans, credit cards or other credit in your name – helpful when your personal data falls into the wrong hands, whether resulting from …

Back to School? Parents, Be on Guard for Student ID Theft

With the kids returning to school, you’ve earned a sigh of relief. But don’t breathe too easy just yet. From elementary through high school, students are 51 times more likely than their parents to be victims of identity theft. College students are ideal (and common) targets — and when hit, they lose more money and take longer to discover their identity theft than any other age group. And with forms, dorms and other threats, a new school year is especially …

Why Your Kids Are Vulnerable to Identity Theft

Concerned about identity theft? Be even more concerned for the young children in your life. From cradle to college, kids under 18 are 51 times as likely to be victims of identity theft than their parents, according to a study by Carnegie Mellon University’s CyLab. This alarming statistic is based on a sampling of some 40,000 children — and 10 percent already had their Social Security numbers being used fraudulently. “There’s no process to double-check what name and birth date …

Spring Clean Your Identity Theft Risks

Spring cleaning should include more than decluttering your garage and closets. Take these simple steps to reduce your risks of identity theft: Shred — don’t just trash — unnecessary documents with your name, birth date, address, and account or Social Security numbers. Typically, bank deposit slips and ATM and credit card receipts should be shredded as soon as the transactions appear on statements, credit card statements within 45 days, and pay stubs and medical bills after one year. Never simply discard …