Question: "Should I put a credit freeze on my child's account?"
Yes. Children are at a higher risk for credit fraud because it can remain undetected for years, recognized only when the child applies for their first credit card. By that time, there is already significant damage to the child’s credit. Before the Equifax breach in 2017, there was a charge to apply credit freezes and the process could be a hassle. However, with the passing of the Economic Growth, Regulatory Relief, and Consumer Protection Act in 2018, credit agencies are now required to offer credit freezes (and removal of freezes) for free and honor freeze requests for children under 16. The risk to your child(ren) makes the effort well worth it. Please contact us if you have any questions about your child’s identity protection.