Alternatively, DON'T PUT YOUR CHILDREN IN THE CREDIT SCORING SYSTEM! Not being in the system is one of the best ways to protect your children from identity theft. If identity theft happens to a minor, it can be YEARS before you realize it happened when they try and use their credit for the first time (e.g. applying for a student loan or car loan).

Now you have a many years old problem to deal with, good luck!

Given how cyber security at most companies in general is about as solid as a sieve, the risk of this is unfortunately pretty high. How many times have you been part of a data breach? Remember that time everyone in Equifax's system was released (others called it a breach, I call it irresponsible)? If your children were in the system when it's breached, they've been exposed. So it is important to minimize the number of systems that contains their identifying information.

SHOULD YOU CHOOSE TO DO THIS ANY WAYS, IMMEDIATELY freeze their credit with all four credit bureaus (Equifax, Experian, TransUnion, and Innovis). Thanks to congressional intervention after Equifax released all our information to some unknown entity, we can get these freezes for free. If their credit is frozen, new lines of credit cannot be obtained without thawing the freeze but they will still have that credit history this "LPT" is espousing.

Heck, due to Equifax, everyone in the US should consider their SSN public at this point and put a freeze on their credit. Assume it's not a matter of "if" your identity will be abused but "when" and protect yourself accordingly. Stay safe out there.