Identity theft is trending toward a new and dangerous demographic: kids and teens. Problem is, nobody notices the problem until the victims get much older – often old enough to apply for student loans or auto loans for students. After all, many identity thefts show up on credit reports, and teens and young adults have no credit history, and thus no need to check their credit – not until they apply for loans.
Some teens have found themselves unable to get approved for student loans due to a credit record destroyed by identity theft. Even though many of these problems are able to be corrected, they could set a student back a semester – if not a year – from beginning their college career.