Posted on January 31, 2020
Have you Checked Your Credit Report Lately? …and Your Kid’s Report Too?
Checking your credit report is a good way to monitor if someone else may be trying to steal your identity. Each of the big three credit reporting bureaus (Experian, Equifax, and TransUnion) are required by law to give you a free credit report annually, all you have to do is ask. One truly free credit report can be found at annualcreditreport.com, many of the others have a catch, but not this one. You can check with each bureau once a year, so if you rotate between the three, you can check every four months to really keeps tabs on your credit records. Look for new accounts opened, old accounts re-opened, or any activity that you don’t recognize.
Why would you check your child’s credit report? If they are under 18 then they shouldn’t have one. If they do have one then there is a problem. Children are often a target of identity theft, because the thief can “fly under the radar” since they think nobody is paying attention. To get your minor child’s credit report, contact each one of the big three individually and ask for a report, each bureau has a different process.