New law to help parents check children's credit

New law to help parents check children's credit

MONTGOMERY, AL (WSFA) - A new federal law is going into effect later this month to make it easier for parents to check their child's credit history.

"It provides for a situation where a parent or guardian, they can get kid's credit profile froze that way nobody can open up any accounts or do anything with that kid's credit file," William Frazier, owner of Clean Slate Credit, said.

The law is an effort to stop the identity theft of minors. Frazier had his identity stolen when he was seven.

"The first time I looked at my credit report I was probably 18 or 19 and I saw that there was a loan opened up in my name when I was 7 years old," Frazier said.

According to Frazier, the reason children are targets for identity theft is because most of them have clean credit histories.

"They don't have anything on there, so they figured that person would have a better chance at getting approved for something than you having bad credit," Frazier said.

The law goes into effect on Sept. 21.

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