Childbirth – great news, but it can also be a terrible thing. You do not bear the full responsibility for the welfare of their child, the parent is also your duty to make sure that your child is protected in all possible ways – this includes the child credit protection. Often thieves oriented to children, because children's credit unmarried (or does not exist).
While you may think that the government protects children against these kinds of thefts, it is not.
at the state level only
The only federal law designed to protect children's credit person with & # 39 is the Law on the Protection of Children against theft identity and # 39; (Created in 2015), which is not a & # 39 is the law in general. In fact, there are less than 2% chance that the law will be adopted, depending on a variety of sources. The law would allow parents to make the credit report for a child, and then freeze it to prevent identity theft. However, this law has not been signed by the President, and he did not like the fact that he even reaches his office.
This prompted various States to establish such laws at the state level, although not all states allow parents to create a credit report and freeze it. This is an important moment. Last coverage of information on freezing your credit reports often leads people to believe that all states allow parents to make the credit report and freeze it, but this is not true. Some states do not allow you to create and freeze credit report.
States that allow legally freeze
There are only a few states that allow parents to make the credit report for a minor, and then freeze this report. States – Arizona, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Louisiana, Maine, Maryland, Michigan, Montana, Nebraska, New York, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin. Other states allow parents to go through this process only if the child is under 16 years (it often does not help, because identity theft happens to children much younger than 16).
Help from credit bureaus
Some credit bureaus have taken matters into their own hands. For example, Equifax will allow parents of minors (regardless of the state in which they live) to create and freeze credit report. Trans Union allows parents to check, there has been any fraud with credit, and allows parents to create and freeze credit report, if they reside in the above states. Some credit bureaus in the states that do not have any laws that deal with the theft of credit the person of a minor, allow parents to create and freeze credit reports for a small fee – but when the father can prove fraud, you can disable this board.