It is unfortunate that at one time or the other one may happen to lose their purse or wallet or maybe lose it to pick pockets or violent robbers. Since most people store their important identification documents, electronic cards and other valuable cards and most likely cash in wallets, it is good to know in the event of loss or stolen wallet-what to do.
These actions can prevent criminals from fraudulently transacting with your cards and details and possibly lead to recovery of your items.
The first thing you should do is to notify the police as soon as possible. The police may happen to be on the trail of the people who stole your wallet or may launch an investigation and if any particulars are recovered, they can easily be given back to you. In any case, theft is a crime and it is your civic duty to report it to the police. Some of the details the police may require in such a case can be seen at www.ftc.gov/bcp/conline/edcams/
The next thing you need to do is to notify your credit card and debit card issuers the soonest possible, may be even before you get to the police. You must request your card issuer to freeze all transactions involving your cards so that those in possession do not withdraw cash from your account.
With sophisticated technology, credit card thieves can hack your credit card pin numbers and drain your accounts with immense speed and therefore reporting such incidences to the card issuer the soonest possible is so important. However, it is always good to start with the police because they can guide you on what to do next and also because the card issuer may require police abstracts to substantiate your claim.
If not sure whether the wallet was stolen or just got lost, you may want to consider back tracing your whereabouts since the last time you remember having it with you. Some people have been lucky enough to find the wallet or at least some of the items therein in some of the places they had been previously, before realizing that the wallet was missing.
Report at once to the concerned if your wallet contained electronic key passes. Prompt action may be crucial to preventing or even nabbing fraudsters who may have specifically gotten hold of your wallet in order to get your access cards.
The next important thing that should come to your mind is to protect your loved ones. In case your lost wallet had numbers of your close relatives, your children’s schools and so on, find alternative means to notify them of your loss so that nobody uses any of your contacts or documents to impersonate you or maliciously communicate with them.
For each important document that may have been lost, notify the relevant authority so that they can be re-issued. For instance if it is a driver’s license, notify the department of motor vehicles in your state. Tips for such documents are available at http://www.consumereducation.suite101.com
If the wallet gets lost within confines of manageable spaces, you can inform those within to initiate a search and at as the situation may deem, a security scan of all people may be carried out. The latter works well with petty thieves.
Finally, you may consider offering a reward for the return of your documents. This appeals to both thieves as well as well wishers. Other things you can do if you lose your wallet are explained in depth at http://www.ou.edu/oupd/lostwallet.pdf.