Losing your wallet or purse can be a frightening experience. You’ve lost your cash and debit/credit cards, and also your driver’s license and other personal information or items your wallet may have held.
File a Police Report
Let police know your wallet is missing as soon as you can. Your financial institution and credit reporting agencies might need a copy of this report and its case number, so be sure to save a copy.
Notify Your Financial Institution
Let your financial institution know you’ve lost your debit/credit cards or checks. The sooner you do this, the better – once you alert your credit union or bank your debit card liability is reduced to $50.
Cancel All Credit Cards
Call your credit card issuers immediately. They should send you a new credit card. They might want to ask you about recent transactions to determine which, if any, are legitimate. This might seem like a hassle, but it will limit damages to your credit and limit any losses.
Notify The Three Major Credit Reporting Agencies
- Equifax – 1-800-525-6285
- TransUnion – 1-800-680-7289
- Experian – 1-888-397-3742
Ask to have a fraud alert placed on your credit report. This will help protect your credit score.
Get New Important Cards
These can include but are not limited to: driver’s license, social security card, health insurance, military identification, library cards, store cards, membership cards and more.
Monitor The Situation
Keep an eye on your financial institution and credit card statements – look for any suspicious activity.