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(Rolling Out) — With the rise in foreclosures, bankruptcies, long-term unemployment and other recession-related financial disasters, some desperate people have resorted to stealing the identities of children to apply for credit.  It is estimated that as many as 400,000 kids per year are having their pristine credit histories hijacked — a crime that doesn’t impact them today, but can have devastating financial repercussions when they reach adulthood.  Adam Levin of Credit.com reports, “The crime generally goes undetected unless and until the child applies for a license, a credit card, a loan for college or, perhaps, requires a medical procedure.”

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