If you're a parent, you might want to know how to get your minor child's credit report. There are several options available to you, including contacting the credit bureaus to ask for a copy of your child's report. These bureaus include Equifax and TransUnion.
TransUnion
Check your child's TransUnion credit report if he or she is younger than 18. You can do this by asking for a copy or the Social Security card and birth certificate. The process of recovering identity stolen from an adult is the same. Identity theft can be difficult to detect if you're a child. It may take years before the theft occurs.
TransUnion credit reports are available online and via mail to minors. This will require you to give identifying information as well as a form with your address and name. The process is simple, although each bureau may have different requirements. TransUnion can help you once you have completed the application.
It is a good idea to freeze any file your child has with a credit bureau. This will protect the child's identity and prevent anyone from using his or her 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. This service works by searching the Equifax credit database for instances where the minor's social security number has been used. Equifax will create a brand new credit file for the minor if it finds one and lock it to prevent unauthorized access. You will also be notified if your 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 easy and free. This will protect your child from identity theft. 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
An Experian credit report can be requested by parents if they have a minor child. This report will contain information about credit accounts and payments made by your child. This report may contain information on fraud or identity theft. It is essential that you double-check the report to ensure accuracy. If there are any errors, you can contest them.
A simple online form allows you to request your child’s credit history. Make sure to provide your child's full name, date of birth, and current and past address. 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. However, some banks and credit card companies do not require a minor to be at least 18 years old to receive a credit report. You can also freeze your child’s credit reports in many states, if you are a parent.