Freeze Your Kid's Credit!
Identity theft is a constant threat these days. With the number of major data breaches that have occurred in the past few years, such as the unprecedented Equifax breach in 2017, you’ve probably experienced some form of financial fraud by now.
You might keep a close eye on your own finances for just that reason, but there’s someone else who is especially susceptible to becoming an identity theft victim: your kid.
Fortunately, a new law went into effect on Sept. 21 that lets you freeze your credit ― a helpful preventative measure ― for free. Here’s how and why you should freeze your child’s credit, too.
Child Identity Theft Is A Growing Problem
A study by Javelin Strategy and Research found that more than 1 million children were victims of identity theft in 2017. Two-thirds of those victims were under the age of 8.
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