Losing your wallet can be quite embarrassing. And when you realize that you have lost all your cash, credit and debit cards, social security cards etc can be even more heart-breaking. If you face such a situation make sure to act quickly. Here we discuss some steps that should be done, in case you lose your wallet.
The procedure starts with filing a complaint at the police station. That is the first step to be done. Identity theft is a very common crime associated with a lost wallet. Hence contacting the police will help you from a possible identity theft.
The next step is to contact the various banks and financial institutions where you have held a bank account. This will enable the bank authorities to block all your accounts. There is a possibility that someone might access your credit or debit card and withdraw your money. This happens very often when a wallet is lost. Even if you have got your wallet, there is a possibility that the thief or any other unknown person might have copied the information on your cards and accounts, so that they could use it later. To prevent such incidents make sure you contact the bank authorities and get the necessary precautions done. This will make sure that your hard earned money is safely with you.
Experian, TransUnion and Equifax are three of the major credit card bureaus that deal with credit card and lending money. By filing a theft report will enable them to communicate with the banks, in order to freeze all the account transactions that are done through the lost credit or debit cards. They will constantly keep an eye on whether the cards are being trying to be used anywhere. It also avoids any kind of identity theft and ensures your safety.
Social security cards are the major source of identity theft. Thieves use it to create false identity to commit crimes. To avoid that it is always recommended that you keep your social security card safely at home. If needed an attested copy of it can be carried in your wallet, as it does not cause much of a concern.