WOW! There has got to be a better way. My friend Mort has started a new blog with the Identity Protection company Debix. Today he has a post about a study that was done looking into identity theft and children. Yes, I said children. I'm talking people 17 years old and younger. I'm talking people who can't legally enter into a contract and therefore can't legally have credit. I'm talking boys and girls, little children, underage minors. I'm talking stupidity!
The numbers and statistics are frustrating and scary. They are also very irritating to me. Why? Because there is NO (repeat NO) reason for someone 17 or younger to have their identity stolen and to have credit opened in their name. As advanced as we are technologically there is no reason for this to happen. It's utterly ridiculous that we have let things get to the point where banks and other financial institutions have not put processes in place to verify the information required to get credit opened in
your a name. Simple steps and checks could be put in place to verify whether or not the owner of a SSN is 5, 15 or 55 years old.
As irritating as the data is there is also some good tips that we all need to follow, especially for our kids. Check out the blog to learn lots of good things about protecting your, and your kids, identity.