Due to all of the advances in technology, we can all enjoy easy access to our information and the internet. We connect via, computer, laptops, tablets and smart phones. We can search for information and purchase goods or services all at our finger tips. But with all of that convenience, it does come with some disadvantages.
Monitoring the activity on your credit report is not a recommendation that should be taken lightly. In fact, once you have children with issued social security numbers, you should be checking their credit report on an annual basis as well.
Recently a past client called to tell me that someone had used her son’s ( he is 7) social security number to apply for a new car! Apparently the social security number and name were checked but not the age.
Moving forward be sure to have a plan to monitor the activity. I always suggest requesting a copy from each of the three bureaus once every 4 months.