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Dude Where's My Wallet

Where's My Dude, Wallet? SO WHAT DO I DO? Something that nearly all of us will have to deal with at least once in our lives, losing a wallet can frustrating, frightening, and costly. However, this does not necessarily have to be the case. By being properly prepared and then following some simple steps, you can drastically limit your losses both financially and emotionally in case your wallet ever makes its way away from you. BEFORE YOU LOSE IT Sign up for ID Protection Photo-ID such as IDENTITY GUARD, TrustedID or LifeLock. If possible, select cards that have your picture on the front. Password Management Use a service to keep your passwords safe and accessible to you. Never Keep PINS in Your Wallet Keep It Separate Carry Only What You Need Don't use your address, birth date, phone or Social Security as your PINS. Take Note Use a Card Holder Keep track of your account numbers. One great way to do this is by taking photos of both sides of your cards and then keeping these photos in a safe place. Carry your credit cards in a separate card holder, not in your wallet. Keep Record Wrap It Keep an accessible record of your other important numbers such as: Put a rubber band around your wallet to keep it closed and to help you feel if it is being taken from your pocket. Driver's license Insurance policies Phone numbers of banks and credit card companies Watch Your Back Check It In crowded places, do not keep your wallet in your back pocket or wear pants with buttons on the pockets. Make it a habit of checking to make sure you still have your wallet throughout each day. No Fat Wallets Plan-B ID Do not let your wallet get too fat so it will stay securely in your pocket and clean out your wallet weekly. Get a second state-issued ID to keep at home to use as an ID in case you lose your driver's license. Baby Pictures Auto-Payments Keep a baby picture prominently displayed in your wallet even if you don't have one. A study in Scotland has found that wallet return rates were highest (88 percent) when they contain a baby photo. Keep a record of which of your cards make which automatic payments so you can avoid missing any payments. Fraud Liability Card Liability Protection If it does not already, consider changing your home insurance to include it. Stick with credit cards that offer $0 fraud liability. YOUR WALLET IS MISSING START LOOKING Where you had it lást Wherę you last had it out Retrace your steps Check pockets of clothing last worn Eliminate possibilities as you go Check Cll places you las: visited washing machine dryer DONT THINK YOU'LL FIND IT? Assume It Was Stolen Follow Up your phone calls to banks and card issuers with a letter providing your account number, when you noticed your card was missing, and the date you first reported the loss. File A Police Report Bank & credit agencies wil ask for a copy. This will assist you with liability, reporting, credit report correcting and insurance issues. Card Liability Notify Your Banks Check your homeowner's insurance policy to see if it covers your liability for card thefts. Close bank accounts and get new account numbers. Cancel your ATM cards & request replacements with new PINS. Once you report your card stolen, you are not liable for fraudulent charges. Ask banks to contact the main check verification companies and tell them not to accept further checks from your accounts. Fraud Alerts Contact and ask the three main credit monitoring agencies to put fraud alerts on your credit reports: TransUnion 1.800.680.7289 Cancel Your Credit Cards Equifax 1.800.525.6285 Experian 1.888.397.3742 and request replacements with new numbers. Make The Switch Cancel Store Credit Cards Contact any companies that bill you automatically through your bank or credit card accounts to give them your new account details. and request replacements with new numbers Cancel Company Credit Cards and alert your boss that the company credit cards have been lost/stolen. Car, home and office keys Home and work addresses Employee ID card or office security card • Medical, Medicare or Medicaid card Driver's License · Vehicle registration Insurance cards Any bills you had been carrying State ID Take Inventory • College ID cards • Check cashing ID Green card or immigration papers Store club cards •Library card What was in your wallet when it was stolen? Further Steps If need be, contact your: Library University With a college ID, a thief can access student loans, tuition refunds and meal payment funds. Company's Security Officer Health Club Car, health and other insurance companies FOLLOWING UP ONGOING CREDIT & FINANCIAL PROTECTION New ID Credit Report Contact DMV and get a new driver's license. A few weeks later, obtain free credit report to check for fraudulent transactions. Review Credit Report II Review your bank account and credit card statements at least weekly. Remember to look for small, questionable charges. Report everything that looks wrong by phone and with a follow up letter to the address provided for billing errors. After two or three months, check your credit report again. Credit Report II Continue to check your credit report every three months. Watch The Mailbox Keep an eye on your mail for collection and billing statements from Rekey Rekey your home, car and office locks if your keys went missing. unknown accounts. LOST WALLET: KEY THINGS TO KNOW Procedures The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures for you to use if your cards are lost or stolen. $50 Under federal law, maximum liability for unauthorized use of your credit card is $50. Not Responsible If you report the loss before your credit cards are used, the FCBA says the card issuer cannot hold you responsible for any unauthorized charges. Lost The Number If the loss is of your credit card number, not of the card itself, you have no liability for unauthorized use. Liability And Loss Under federal law, ATM or debit card liability depends on how quickly you report the loss. If reported missing before it's used, you cannot be held for any unauthorized transfers. If use is before you report card loss, your liability under federal law depends on how quickly you report the loss. If reported: within 2 business days, liability is capped at $50. after 2 business days: you could lose up to $500o if you fail to report an authorized transfer within 60 days, you risk unlimited loss. For unauthorized transfers using only your debit card number, not the loss of the card, you have 60 days following the mailing of your bank statement containing the unauthorized use to report the loss/use. You are not liable for losses that take place after you you've reported the loss of your ATM or debit card. Card Policies Find out what the policies are for each of your debit and credit cards. Stick with cards that do not hold you liable for any unauthorized purchases. Different cards have different deadlines for reporting stolen cards. Store Credit Cards Store credit cards often have stricter reporting policies than bank credit cards. Overdraft You may even be charged overdraft charges Fraud Prevention You can request from the credit reporting agencies a seven-year, long-term fraud alert to prevent thieves from opening accounts in your name. Copies By law, credit grantors are required to give you copies of fraudulent transactions. Sources Federal Trade Commission FDIC Money Smart Education Program Washington State Department of Financial Institutions •, Deal with Losing Your Wallet TM CreditDonkey

Dude Where's My Wallet

shared by IGEmp on Jan 24
Losing your wallet can be a stressful situation. This infographic provides information for how to protect you wallet from getting stolen, what to do before it gets stolen or lost so your information i...


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