Protecting Vulnerable Children From Credit Reporting Problems

In an effort to better protect children in foster care from credit reporting problems that could compromise their future credit, we’re publishing action letters for child welfare caseworkers to use if they find errors on the credit reports of the children in their care. The letters apply to both minors and older youth over 18 who remain in foster care.

Check out the action letters here

We’re also publishing tip sheets for parents and foster care caseworkers to help young people start and maintain good credit. For caseworkers, it provides instructions on how to check the credit records of youth in foster care and respond to errors or evidence of identity theft. For parents, the tip sheet explains how they can check to see if their children have a credit report and what to do if their children’s credit has been compromised.

Check out the tip sheets here

We hope you’ll find these materials useful and that you will share these with your colleagues.

Thank you,
Sarah Bainton Kahn
Office of Financial Empowerment
Consumer Financial Protection Bureau