College students and kids at risk of identity theft

ID-100128859Information sharing has become second nature for many of us, especially young people. With today’s smartphones, the Internet is everywhere. That has its pluses and minuses. 

That sharing mentality can put young adults in the crosshairs of identity thieves. Identity thieves like to target college-age adults because they often have good, clean credit scores. Young adults also have to fill out a lot of forms and applications and are comfortable making frequent online purchases.

ID theft isn’t just a risk for college age youth. Sometimes the problem can start even earlier. Child identity theft happens when someone commits fraud using the child’s information to get credit cards or take out loans. By the time the child is grown and tries to get credit, often in college, the damage is already done. Parents should start monitoring their child’s credit report at a young age so problems don’t turn up later.

Better Business Bureau (BBB) serving Central, Coastal, Southwest Texas and the Permian Basin offers these simple steps college students can take to protect their identity:

  • Secure your mail. Campus mailboxes are often easily accessed in a dorm or apartment. Have sensitive mail sent to a permanent address such as your parents’ home or invest in a secure post office box. Shred all paper documents that contain sensitive financial information and any credit card offers that come in the mail.
  • Store personal items safely. You may want to invest in a lock box or locking file cabinet to store your social security card, passport, financial statements and any other private documents.
  • Safeguard your personal information. Don’t share your information with anyone without knowing why it’s needed. Most schools now use a student identification number instead of a social security number for added protection. 
  • Check your financial statements frequently. Look for any suspicious activity or purchases on financial accounts. Fraudulent purchases can sometimes come in small amounts which means it’s important to keep a close eye on accounts. Report any suspicious transactions to your financial institution immediately.
  • Check your credit report at least once a year. You are entitled to a free credit report every 12 months from one of the three free credit reporting businesses. Request a report and look for any unusual activity or inaccuracies.
  • Consider identity theft protection services. If you are unable to routinely monitor your accounts and information, consider enrolling in identity theft protection services. These services can help monitor your credit and public records for suspicious activity and will alert you if and when something is found. Some of these services also offer additional recovery and resolution help should you fall victim to identity theft.

If you are concerned about identity theft you can report and dispute errors or suspicious activity. Immediately notify your credit providers and notify each of the three credit bureaus. Also, you may want to fill out an online report to the FTC visit, www.ftc.gov/idtheft.

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