If you are a parent, it might be helpful to learn how to access your minor child’s credit report. There are many options. You can contact the credit agencies to get a copy. These bureaus include Experian, TransUnion, and Equifax.
TransUnion
TransUnion credit reports should be checked if your child is less than 18 years of age. You can do this by asking for a copy or the Social Security card and birth certificate. Similar to recovering identity theft from an individual, this process can be done. It can take years to discover identity theft in children.
TransUnion credit information for minors is available online or via mail. This requires you to provide identification information. You also need to complete a form that includes your name, address, and phone number. While each bureau has different requirements, the process is fairly straightforward. TransUnion can assist you once you have submitted the form.
If your child has a file with a credit bureau, you should freeze it. This will protect the child’s identity as well as prevent anyone from using their credit. TransUnion must be notified and you must provide evidence of authority and identity to place a freeze on a child's file.
Equifax
Equifax can inspect your child's credit file and determine whether there are any pending accounts if they are under 18. Equifax will search the Equifax credit file for instances where the minor has used their social security number. Equifax will search for such records and create a credit file in the minor’s name. Equifax will lock it to prevent unauthorised access. In addition, you will be notified if the file has been accessed.
You can also put a security freeze in your child's credit file. This will prevent others from accessing your credit report without permission. It's free and protects your child against identity thieves. Fill out the Equifax Minor Credit Freeze Request Form to put a security lock on your child's credit reports. TransUnion, Experian and others also offer minor freeze requests.
Experian
If you are a parent and you have a child that is under 18 years of age, you can request an Experian credit report for minors. This report will contain information about credit accounts and payments made by your child. It may also include information about fraud and identity theft. It is essential that you double-check the report to ensure accuracy. You can correct any errors found in the report.
You can request your child's credit report by completing an online form. It is important to include your child's full names, date of birth, current address, and past addresses. You might also include information about your employer or teacher. These details can help identify red flags and alert you to potential wrongful accounts.
All lenders might not have access to the credit report of a child. Some banks and credit card companies don't require minors to be 18 years old in order to obtain a credit report. You can also freeze your child's credit report in many states if you are a parent who wants to protect their credit score.