Seven Steps to Take if Your Wallet is Stolen

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Seven Steps to Take if Your Wallet is Stolen

“Where is my wallet?” The moment you discover your wallet is stolen, then you understand the panic that ensues, as well as the problems that occur as a result. In this day of identity theft, acting immediately can make a big difference in mitigating the damage that a thief can do. Today, Owens Investigations will share with you seven steps to take when your wallet is lost.

One tip before it happens. Make a copy of everything in your wallet. Put all the cards on a copier and make copies of the front and back. This way you have all the card numbers, the phone numbers of the credit card issuers, and other pertinent information all on a few sheets of paper. It will be very valuable if that moment arrives when your wallet is gone.



1. We have been told we should cancel our credit cards immediately. But the key is having the toll free numbers and your card numbers handy so you know whom to call. Keep those where you can find them.

2. File a police report immediately in the jurisdiction where your credit cards, etc., were stolen. This proves to credit providers you were diligent, and this is a first step toward an investigation (if there ever is one).

3. If you have a debit card, call your bank and report your debit card stolen. You want to be sure to limit your debit card liability if someone uses your card.

4. Call the three national credit reporting organizations immediately to place a fraud alert on your name. The alert means any company that checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit. This will often stop a thief in their tracks. When no new credit can be authorized, they usually move on to a new target.

Here are the numbers you always need to contact about your wallet, if it has been stolen:

  • Equifax: 1-800-525-62851-800-525-6285
  • Experian (formerly TRW): 1-888-397-3742
  • Trans Union : 1-800-680 7289

5. Call the Social Security fraud line.

  • Social Security Administration (fraud line): 1-800-269-0271

6. Report your drivers license stolen to your local Department of Motor Vehicles and then see about a replacement.

7. Make a list of any of the other items that you had in your wallet that might need to be replaced. Examples: medical ID cards, work ID, your library card, membership cards, or even a blank check.

Remember, responding quickly is a key factor in limiting the damage that can be done to your credit. Once you have determined that your wallet is gone, don’t hesitate to act.

Keith is the owner and founder of Owens Investigations.


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One Comment

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    I am genuinely pleased to find a blog that is not full of the everyday rubbish, bless you.

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