James Munton, noted author and authority on Cons, both online and personal, says that you need to be careful about your children's identity. Besides the usual assortment of predators, identity thieves have recently taken to getting children's social security numbers, establishing credit profiles and then ripping off banks and credit grantors. The problem is that you and your children won't find out until it's too late. Often the victim only discovers the identity theft after applying for a student loan or auto financing. And then it's too late! James gives some common sense tips to avoid this outcome.