What To Do About a Stolen Wallet

A stolen wallet can create headaches. A thief would like to tap your existing accounts. But they may go even further … and try to set up new accounts using your existing personal information.Contact your credit card issuers immediately by getting their phone numbers, along with your account numbers, from monthly billing statements. Get new cards with new numbers sent to you (if this is their policy). But don’t stop there.If your driver’s license was taken along with your wallet then call the department of motor vehicles for your state. Follow their procedures for having a “fraud alert” attached to your license number as you request a new license.If any other cards were taken, such as those attached with memberships of any kind, then you’ll need to call those organizations as well. Have fraud alerts posted to your accounts. ID thieve often use such accounts to open brand new “fraud” accounts.How can you know when any fraud accounts are opened in your name?The answer lies with the big 3 credit reporting agencies. Your whole profile, which includes credit info, is inside their databases. Any new accounts, including ones resulting from […]

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