The Best Insurance For A Stolen Wallet
The Best Insurance For A Stolen Wallet
It’s frustrating enough when it happens.
Your wallet is stolen. Not only have you lost cash, you probably have a driver’s license and credit cards to cancel and replace. Worst of all, you have the headache of identity theft to deal with. The best insurance is to be prepared.
Take a few minutes every six months to photocopy the front and back of everything in your wallet. You’ll have to cancel your credit cards as soon as they are stolen, but if you don’t have the actual cards with the contact information in front of you, reaching the right department will be a difficult process. With the front and back of the cards photocopied, you’ll be able to cancel your cards within minutes.
Once you’ve canceled your credit cards, ask each credit-reporting agency to place a fraud alert on your name. That way, people can’t apply for new credit cards using your information. The only thing left to do now is file a police report. Even if you have no hope of ever seeing your wallet again, file the report. This shows creditors that you are on top of the situation and are responsible about your loss. You’ll accomplish in minutes what could have taken hours or days … provided you invested the time upfront to get the contents of your wallet photocopied and filed in a secure place in your home.
It doesn’t stop at your wallet. Scammers may contact you to disclose your banking information to steal your money. If you are contacted by someone claiming to be a County Federal employee, ignore the message or hang up immediately. We will never call or text you to ask for your:
- User ID
- Password
- Debit card number
- Pin code
At County Federal, the safety of our members is our top priority. That's why we provide our members with the latest news in Security & Fraud to stay vigilant. Why not join us and experience the peace of mind that comes with County Federal membership?
Content Source: CUContent
