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Identity theft can happen to anyone at anytime. Thieves can even steal the identity of children since most parents don't review the credit history of their child until it is too late. When identify theft happens to you or your child it can destroy you credit rating and make it impossible to obtain a student loan. As soon as you discover that you or your child are the victim of identity theft, contact the credit reporting agencies and notify them. They can add a statement to your file indicating that identity theft may have occurred. This information is then included on any report sent to a private lender and also acts as a signal to lenders to verify all information including proof of identify from anyone applying for a loan using the victim's information. It can take years to clean up a mess like this, but you should start working with each creditor to get information removed from your credit history. With proof, you may be able to find a lender willing to grant a student loan based on the circumstances of your situation.
|Jennifer Mathes, Ph.D.|