North Carolina takes steps to protect minors credit. Tiny Credit Tip Vlog #003

Protect minors credit with a credit freeze.

Here at the tiny house again, I am going to show the living room today. First I wanted to talk about what North Carolina did recently.  They passed a law that allowed parents to freeze their kids credit profile before they turn 18. In the past you really did not have the ability to freeze a child’s credit report until they were 18, officially, kids don’t have a credit profile.  North Carolina passes law to change that.  Now people who live in North Carolina can freeze their child’s credit report.  Child identity theft is the fasted growing demographic of identity theft.

I am going to try do something about that here in Michigan. I think really all the states should pass a similar law, so I am going to work with my contacts to see what would take to get something like that moving along in Michigan. I think it’s a good move to freeze your credit report. There is a way to freeze your kids credit report before they turn 18.

Today I am going to show you the tiny house living room and the loft area. About the loft area, the city actually did not allow this property owner to make it a loft because he was replacing a building that did not have a loft. In the city’s great wisdom they said that the property owner was not allowed to use the great loft space up there. It could have been nice with the windows at the ends.

If you were working from home an office up there would be great, but right now it is a wasted space and the thing about that is all the heat goes up there. That’s not optimal, so here we have the living room and it’s not huge its like I said a tiny house. I think people who are fans of tiny houses are going to say “oh this is a real tiny house because is not on a trailer.”  Well I don’t really like the tiny houses that are built on a trailer. I’d much rather have a fixed tiny house.  One of the neat things the owner did in when he built this house is heating zones, in every room for the electric heat. The home has electric heat baseboard which is kind of expensive to run but every every radiator has it own thermostat and temperature.  Tomorrow I’ll do in the bathroom or the bedroom and then we’ll talk more about that.

Nice Job North Carolina way to go protecting children’s credit reports very important.

 

If you want more information go to my free six steps to a better score at GetLoanReady.com is all free to follow the six steps in your credit score as high as possible will be better every month moving forward.

For ideas to get your student loans forgiven click here 

If you want to see more videos about credit and credit scoring check these out at www.thecreditguy.tv. If  you are a mortgage lender please share this on your Facebook or LinkedIn page.   If you have any questions, leave them down below I’d be happy to answer them.

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Protect minors credit with a credit freeze

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