Wednesday, February 20, 2008

This 9-Year-Old Has An $18,000 Line OfCredit

Meet Kyle Shoemaker, a 9-year-old with two credit cards and an $18,000 line of credit. Kyle is a victim of identity theft. His mother has opted to retain a lawyer, but the DIY crowd can fight identity theft with a visit to the FTC.Coments: BY FALCONFIRE AT 07/26/07 12:15 PM@rocnrule: very easy. Likely said 9 year old shares either a name, or is a JR or III to someone who is of age.Thats how my fiancee's sisters boyfriend had his credit DESTROYED by the time he was 14. His father used his sons name and they confused the SSN and info. So his father took out morgages and credit cards under the sons name and SSN while he himself wasnt even of age but SHOWED to be of the same age as his father.And even after showing this to them and trying to get it straightened out, he and his family are still paying for it over a year after his father committed suicide over the sheer amount of debt his father racked up.The only way your going to be able to fix this mess is to completely reform the system, which government officials will never do since they all get big payoffs to keep the system broken.

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