What To Do BEFORE You Lose Your Wallet (Part II)

One of our staff members recently had to deal with a stolen wallet. Someone then used her debit card to buy expensive computers online, which caused an overdraft of her account.

Her bank put a hold on her account, and she had no money for a week before this was cleared up. It was a giant pain in the rear end, to say the least!

This post explains what you should do BEFORE your wallet or purse is lost or stolen. If your wallet or purse has been stolen be sure to read this post about how to recover from that.

Tip 1 – Make a photocopy of everything in your wallet – front and back

Go to your office copier right now, take out everything in your wallet, and make a photocopy. Keep it in a file at home in a safe location. If your wallet is lost or stolen, you will have instant access to all your account numbers, card numbers, drivers’ license number, and the fraud reporting phone numbers your card issuer wants you to call.

Do not take photos and store them on your phone. If you someone steals your phone, you just gave that thief your wallet too!

If you cannot make a copy of everything right now, at least make a list of all your banks and credit card issuers along with the fraud reporting number they ask you to call to report a lost or stolen card.

Tip 2 – Get a password keeper app

There are a ton of apps out there to store and remember all your passwords. Get a good one, with robust encryption. You can also store credit card information, social security numbers, etc.

I personally use one and I almost never look at my physical credit cards to use them. I use the app. They have modules that hook right into your web browser so they are easy to open, and you can cut and paste the information right into the website.

Do the research and get a good one that fits your needs. If you want a shortcut, I can at least recommend 1password, Dashlane, and Lastpass.

Tip 3 – Where is your social security card?

Do NOT carry your social security card in your wallet. This is probably the cardinal sin of wallet carriers. People do it all the time, and it’s crazy.

You don’t need your social security card on a daily basis. Why is it in your wallet? It should be locked up somewhere safe.

Your SSN card is the holy grail of identity thieves. If they have this card, they can wreak havoc on your life. And the federal government makes it hard on you to get a new one. Keep this safe at home instead.

We hope you never have to deal with a lost or stolen wallet. But if you do, we hope these preventative tips make your life a lot easier.

About Southern Maryland Law

 

Andrews, Bongar, Gormley & Clagett is one of the oldest and largest law firms in Southern Maryland. We have been serving clients here for over 50 years. We have more attorneys and a larger staff than most other local law firms, so we can handle a wider variety of legal matters. Each attorney concentrates his or her practice in a few key areas, so you can be assured of the expertise you need.

 

But we are not so big that we forget about personal service! Your legal matter is unique, and requires a personalized approach. We will always remember that. If you have a legal issue, contact us today to schedule your consultation.