Thursday, March 8, 2012

Student Identity Theft

I have just found a very interesting, and scary, article dealing with the subject of identity theft from children. It seems strangers, and sometimes desperate family members, find children easy identity theft targets because of a lack of financial history. All they need is someone's social security, or social insurance, number and accounts are created and abused.
The reason I think this is something worth posting here is because of the risk to families who may be looking to obtain a student loan in the near future. It appears there have been cases where someone went to apply for a student loan only to find out they have a problem with identity theft.
The article gives some ideas to help reduce the risk and be proactive in protecting a child's financial identity. Better to find out ahead of time if there is a problem.

Student Identity Theft Article

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