Lessons I Learned From My Stolen Wallet
You don’t want to have your wallet stolen. But like they say, accidents do happen. So make sure that you are ready for the worst. I’ve lost my wallet once and it was big trouble since I had no idea how to deal with the crisis. Let me share the things that I learned from the experience.
Make the Necessary Preparations
One important thing you have to do is to write down your important account numbers. If listing them down is too much hassle for you, have them photocopied. You need you credit card numbers, your debit account numbers, your license number and important O.R. numbers.
And avoic carrying important documents in your wallet, at least those that you don’t need with you. Your social security card and birthday certificate are better off at home. If anything, you don’t want them in the wrong hands. Shrewd identity thieves would definitely want to have them.
What to Do if it is Stolen
So what should you do if the wallet you lost was actually stolen? You must run to the nearest phone and notify the bank. They usually have a deadline for reporting stolen cards. Make sure you do this within 24 hours. Then cancel your credit cards as soon as you’re done calling the bank.
Also, don’t forget to notify the police. The credit card investigators will be looking for a police report. Then call the credit reporting organizations - Equifax, Experian and TransUnion - so they can make the necessary alerts on your account and social security number.
Be Well-Informed
Make sure that you utilize of available information. For one, you should keep yourself abreast of the local news. Most hooligans maintain a specific trend when operating. You can avoid becoming the next victim by being aware of such scams.
Learn from the Lesson
Make sure the incident never happens again. You should always check for your wallet. And make sure that you always have extra cash with you, other than what you have in your wallet. Since I lost my wallet, I’ve developed the habit of keeping some extra cash in a separate money clip. I love how it fits snugly in my secret pocket. And since thieves are mostly after my wallet, it’s always safe. And you should see my collection. I have leather money clips and gold money clips that are just magnificent.
Anyhow, keep safe!