What to Do If Your Credit Card is Stolen

If you have just discovered that your purse or wallet ishome and do not have access to a statement, you
missing, your credit card may have been stolen.may be able to find the number by going to the issuing
Whether your credit card was lost or stolen, it has thecompany's Web site.
potential to cause a lot of harm if it falls into the wrong3. Document everything.
hands. In the event that your credit card is lost orWhile speaking with your credit card company, make
stolen, you will need to move quickly to avoid damagesure to note the name of each representative you
to your good credit, especially if your credit cardspeak with. Then, document the conversations that
carries a high limit. If you have one or more creditwere had in a formal letter to the company. Following
cards, it is advisable to take photocopies of the frontthese steps will ensure you are not held liable for any
and back of each card (since a wallet can easily gounauthorized charges. Your letter should also include
missing, you should do the same with importantyour name, the account number, the date and time you
documents such as social security cards). Store thesenoticed your card was missing and the date and time
photocopies in a safe place in your home so that ifyou contacted the credit card company.
you ever do lose your wallet, you will know exactly4. Contact the three credit reporting agencies.
what went missing.In order to further protect yourself and your good
Now we will move to what you need to do if yourcredit, you will now need to be vigilant about what
credit card, bank card or ATM debit card disappears.takes place on your record. Your credit card company
The steps below should be taken as quickly aswill close out your stolen card and issue a new one.
possible.Unfortunately, you don't know what other personal
1. Assume it is gone for good.information of yours the perpetrator has. This is
When a single credit card goes missing, it is easy toespecially true if your entire purse or wallet was stolen,
think you may have simply misplaced it and assume itand even more true if you're in the habit of storing
will eventually turn up. You should never let yourself fallpasswords for accounts there. Call Equifax, Experian
into that assumption. While you are waiting and hopingand TransUnion to report the theft. Request that each
you will find your card, someone may be racking upbureau attach a fraud alert to your accounts. It's not a
thousands of dollars of credit in your good name.bad idea to sign up with a credit monitoring service for
2. Report the lost or missing card.a few months after having your wallet or credit card
As soon as you realize that you do not have yourstolen.
card, look for the issuing company's toll-free number.Having your card stolen can be very scary. Now that
Most credit card companies have specific phone linesyou know what to do if it ever happens to you, you
to deal with this problem that are available 24 hours aare prepared to deal with the problem efficiently and
day. The toll-free number to call should be printed onexpediently.
your most recent statement. If you are away from