Parents Pilfer Progeny Persona
Posted on June 29th, 2010
Warning to children of all ages: you do not need to have your computer hacked to have your identity stolen. Your parents are doing it from the comfort of their own living rooms.
In an article by Michelle Singletary in www.washingtonpost.com, “Some parents are stealing their kids’ identity and using it open up credit card accounts, take out loans or are putting utilities in their children’s names. I met a young woman whose mother took out thousands of dollars in student loans in her daughter’s name. The mother now can’t pay back the money so the daughter is left with the debt.”
Parents do this because they want to buy things they cannot afford or, for moms and dads who don’t have the funds for basics like utilities or food, they put the account under the name of their children.
In Blake Lewis’s article on www.cnnmoney.com, “For parents who’ve wrecked their own credit rating, cashing in on Junior’s clean financial history is increasingly tempting. Children
Tags: Parents, Parents Pilfer
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