Losing your wallet can, in an instant, flip your whole world upside down – and not in a good way. What’s worse is when you have reason to believe it might have been stolen. It’s critically important not to panic in this situation. What should you do, then? Relax, breathe deeply, and take the next step. Here are 4 steps you can take in the event that your wallet has become lost or stolen.
The first thing to do is to call your bank and report your debit card missing. This will only take a moment. You might have to answer a few security questions as well as give information on some of your most recent purchases. But after just a few minutes, your bank will close your lost (or stolen) debit card and issue a replacement.
The next step is to call your creditors. Any credit card that may have been in your wallet should be reported lost or stolen immediately. Like your bank, your creditors will be happy to assist you by canceling your credit card and issuing a replacement.
By calling one of the credit bureaus (Equifax, Experian, and TransUnion), you can initiate a fraud alert on your credit report. This will help ensure that anybody who may have stolen your identity won’t be able to apply for a credit card, a loan or a job in your name. The credit bureau will also give you information on any suspicious activity that may be present on your credit report.
Finally, replace your driver’s license. You can either visit your local DMV or simply visit DMV.org You may have to pay a small fee for the replacement, but it’s well-worth it, considering the penalties of driving without a license.
Now that you’ve made all the necessary phone calls, received a new debit card, credit cards and a brand-new driver’s license, it’s time to buy a new wallet to put them all in. For now, you may wish to pick up a wallet that’s affordable, but also one that has RFID protection built in. After all, there’s more than one way to steal one’s identity and more thieves are using wireless scanning tech to prey on unaware consumers. Getting a wallet with RFID protection is a smart move that can easily prevent your information from getting stolen by blocking thieves’ RFID scanners from reading the contents in your wallet.
Given all that you’ve been through, you might find yourself in a situation that calls for immediate financial relief. A signature loan could help in this area. For more information, contact your local lender today. They’ll be happy to answer any questions you may have.