Criminals are very clever and continually devising new ways to steal from you. One very disturbing method is by stealing your child’s identity and using it to open up bank accounts and apply for lines of credit. By the time your child reaches adulthood, and they apply for student loans, they find out their credit is ruined, and they can’t get financing, all because of identity theft.
Thieves can use your child’s social security number to apply for driver’s licenses, rent apartments, sign up for public utilities, open bank or credit card accounts, and even apply for government benefits. The list is endless once they have successfully stolen his or her identity.