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Sunday, July 18, 2010

Child-identity theft increases

By Lucy Soto

For the AJC

Imagine applying for that first job, that first exciting credit card, that freshman-year college loan. Now, don’t.
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For more young adults, plans and hopes are being dashed because they are unwitting victims of identity theft at the hands of someone they know, usually their parents.
File For more young adults, plans and hopes are being dashed because they are unwitting victims of identity theft at the hands of someone they know, usually their parents.
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For more young adults, plans and hopes are being dashed because they are unwitting victims of identity theft at the hands of someone they know, usually their parents.

It often happens when victims are too young to do anything about it, so it’s a crime that can go undetected for years.

A parent or other relative uses a child’s personal information, including Social Security number, to get a credit card, loan or other account with a clean credit record. That’s identity fraud in Georgia.

When the child enters the business and financial world as an adult, he encounters debt he knows nothing about

“They won’t be able to get a credit card. Or if the debt owed is disproportionate to their earnings, then they can’t get loans. It’s difficult to get a car,” said Michelle Jones, senior vice president of counseling for CredAbility. The Atlanta-based nonprofit, provides credit counseling and education across the Southeast. Read more


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