Criminals have been targeting children’s clean credit records for illegal activities.
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Since a child has no previous credit history, there are no “hits” to their record, and a clean record can easily be taken advantage of.
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As long as they have the social insurance number, they can register accounts under a different name, date of birth, and address.
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Parents would need to create a credit file for their children to protect them from identity theft.
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With that, parents can legally freeze their child’s account so in case anyone else has their social insurance number, the account won’t be valid.
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