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Your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request that it be removed or corrected. You may want to enclose a copy of your report with the items in question circled.
First, you need to check with the Social Security Administration once a year to make sure no one is using your child's SSN. Secondly, you need to check your child's credit report (free Equifax -1-800-525-6285; Experian-1-888-397-3742; TransUnion-1-800-680-7289.) You can also report fraud to them.
Start early. Teach the difference between a debit card and a credit card. Incentivize saving. Help them save early for a secured credit card. Co-sign a loan or a lease. Have them report all possible forms of credit. Add your child as an authorized user.
Order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity.
Children 13 and older can check their credit the same way adults do. By visiting AnnualCreditReport.com the only website federally authorized to provide credit reports from Experian, Equifax and TransUnion for free your child can enter his or her personal information to receive a copy of each report.
Address the letter with either a "To whom it may concern" or use the term "Dear Sir or Madam." Since there is no way of knowing who will be receiving the letter, generalities are best here. Next, it is important to clearly state that you want a copy of your credit report and why.
Does your child have a credit score? Typically, only people over the age of 18 have a credit score - but it is possible for minors to have a credit report. A person under 18 can have a credit report if : Their identity was stolen and used to open one or more credit accounts.
Unless you've taken action to help your young child develop a credit history, he or she most likely doesn't have a credit report. These reports begin when a person applies for and receives credit products, such as loans and credit cards.
Children 13 and older can check their credit the same way adults do. By visiting AnnualCreditReport.com the only website federally authorized to provide credit reports from Experian, Equifax and TransUnion for free your child can enter his or her personal information to receive a copy of each report.