Friday, February 6th 2015, 10:00 pm
Many of us receive those offers for pre-approved credit cards, but if you see one for your child, listen up. It could be a sign of child identity theft.
Nearly three percent of U.S. households with children under 18 have experienced this crime and or one in 40 households has experienced child identity theft, according to the Identity Theft Assistance Center. What's worse, it's sometimes not discovered until years later when the bad credit history that the scammers have established in the child's name prevents them from getting a student loan, apartment lease or credit card.
Here's what you should do:
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