Stealing your Child's Identity is a Piece of Cake!
Would you Leave Your Back Door Open for a Thief? FBI Agents say that is exactly what is happening with Identity Fraud. We are allowing on line businesses to sell dormant, unused social security numbers to those who will run up huge credit card debt, with no intention of paying it back. Who do those "dormant" social security numbers belong to? Our KIDS!
Thieves are too clever to use the numbers from deceased people. It is quite easy to detect, and usually doesn't work. However, children who have social security numbers with no credit associated with them are PRIME targets because the individual can start from scratch and build up years worth of debt before you even apply for a savings account.
Through a process called "Piggybacking" they are able to link up with someone else's credit. If things don't work out they just buy another number. The costs for a dormant Social Security number range from $500 to a few thousand dollars.
The businesses that sell the numbers in the first place get away with it by referring to them as CPN'S or credit protection numbers. This is the back door that has been left open. The FBI is on a mission to bring this issue out in the open and to educate the public as well as the banking and credit card industries. "Awareness" is key says law enforcement.
Take time to protect yourself and your children, get their credit reports and find out if there is any unusual activity. Too many families are finding out too late that they have a mountain of debt and no idea where it came from. Some people are signing up for Identity Protection Services that guarantee your personal identity cannot be stolen.
CBE-Education seeks to provide everyone the opportunity to learn how to improve your credit score and maintain good credit for life. We give you the straight answers you deserve on the topics that affect you the most. Identity theft, Credit Report issues, short sales, mortgages. There are no quick fixes to these issues but you can get the truth about your situation from experts in the field.
Article Source: http://EzineArticles.com/?expert=Michael_Augustus
