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Thursday, May 12, 2011

Identity theives can steal your child's SS# - Protect your Family

I was happy to see the Today show do a segment on this issue.  I have heard many stories about mortgages, credit cards and big ticket items being bought in a small child's name or with a child's stolen SS# completely ruining their credit. Often, you and your family don't find about about this until many years later when major damage has already occurred.  Apparently, when someone goes to the bank and gives their name and SS#, banks do not check if the SS# matches the name being given since the SS Administration charges for this service and banks don't want to spend the money. 

Yes, that is very scary.  There are plenty of ways to protect your family with things like lifelock or by putting fraud alerts on your accounts and personal information.  I am attaching the segment and article that aired this morning on the Today show.

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