What should I do if my purse or wallet is lost or stolen?

What should I do if my purse or wallet is lost or stolen?

What should I do if my identity has been stolen?

What should I do if my identity has been stolen?

What should I do if the police will not take my complaint?

What should I do if the police will not take my complaint?

What is a fraud alert and how do I place one on my credit report?

What is a fraud alert and how do I place one on my credit report?

What is the difference between a fraud alert and a credit freeze?

What is the difference between a fraud alert and a credit freeze?

How do I dispute fraudulent accounts?

How do I dispute fraudulent accounts?

What is an identity theft affidavit?

What is an identity theft affidavit?

How do I prove to bill collectors that I am not responsible for fraudulent debts?

How do I prove to bill collectors that I am not responsible for fraudulent debts?

Online Privacy Tips

Online Privacy Tips

How to Protect Yourself From Online Tracking

How to Protect Yourself From Online Tracking

Introduction to Online Tracking

Introduction to Online Tracking

Choosing and Using a Prepaid Card

Choosing and Using a Prepaid Card

How Prepaid Fees Work  And How To Avoid Them

How Prepaid Fees Work And How To Avoid Them

Understanding How Prepaid Cards Work

Understanding How Prepaid Cards Work

What are some common examples of internet identity theft scams?

What are some common examples of internet identity theft scams?

How can I get free copies of my credit report?

How can I get free copies of my credit report?

How do I get in touch with the credit reporting bureaus?

How do I get in touch with the credit reporting bureaus?

What are the best resources for dealing with identity theft?

What are the best resources for dealing with identity theft?

How do I prove to bill collectors that I am not responsible for fraudulent debts?

How do I prove to bill collectors that I am not responsible for fraudulent debts?

What is an identity theft affidavit?

What is an identity theft affidavit?

How do I dispute fraudulent accounts?

How do I dispute fraudulent accounts?

What is the difference between a fraud alert and a credit freeze?

What is the difference between a fraud alert and a credit freeze?

What is a fraud alert and how do I place one on my credit report?

What is a fraud alert and how do I place one on my credit report?

What should I do if the police will not take my complaint?

What should I do if the police will not take my complaint?

What should I do if my identity has been stolen?

What should I do if my identity has been stolen?

What should I do if my purse or wallet is lost or stolen?

What should I do if my purse or wallet is lost or stolen?

How can I stop or limit the use of my personal information for marketing?

How can I stop or limit the use of my personal information for marketing?

What is an active duty military alert?

What is an active duty military alert?

Should I purchase identity theft insurance?

Should I purchase identity theft insurance?

How can I create a good PIN number or password?

How can I create a good PIN number or password?

What sorts of precautions should I take while using the internet and e-mail?

What sorts of precautions should I take while using the internet and e-mail?

What can I do to protect myself from identity theft?

What can I do to protect myself from identity theft?

How can I tell if I'm a victim of identity theft?

How can I tell if I'm a victim of identity theft?

Am I responsible if a thief commits a crime while using my identity?

Am I responsible if a thief commits a crime while using my identity?

What can identity thieves do with my personal information?

What can identity thieves do with my personal information?

How can someone steal my identity?

How can someone steal my identity?

What is identity theft?

What is identity theft?

Investing - Four Steps to Successful Investing

Investing - Four Steps to Successful Investing

How To Invest

How To Invest

Money Management Tips For Teens

Money Management Tips For Teens

Create A Financial Year End Review

Create A Financial Year End Review

Understand The Stock Market

Understand The Stock Market

Consider Inflation On Your Retirement Savings

Consider Inflation On Your Retirement Savings

Tips To Avoid Ridiculous Stock Predictions

Tips To Avoid Ridiculous Stock Predictions

Reasons To Carry A Mortgage

Reasons To Carry A Mortgage

Investing With A Long Term View

Investing With A Long Term View

Tips For Investing In Gold

Tips For Investing In Gold

Avoid The Biggest Financial Mistakes

Avoid The Biggest Financial Mistakes

Set Financial Goals In 4 Steps

Set Financial Goals In 4 Steps

View more ...

Consumer Action is a nonprofit organization that has championed the rights of underrepresented consumers nationwide since 1971. Throughout its history, the organization has dedicated its resources to promoting financial literacy and advocating for consumer rights in both the media and before lawmakers to promote economic justice for all. With the resources and infrastructure to reach millions of consumers, Consumer Action is one of the most recognized, effective, and trusted consumer organizations in the nation.

Financial Education. To empower consumers to assert their rights in the marketplace, Consumer Action provides a range of education resources. The organization's extensive library of free publications offers in-depth financial information, while its hotline provides non-legal advice and referrals. Consumer Action also publishes unbiased surveys of consumer services to expose excessive prices and anti-consumer practices and help consumers make informed buying choices and elicit change from big business.

Community Outreach. With a special focus on serving low- to moderate-income and limited-English-speaking consumers, Consumer Action maintains strong ties to a national network of more than 8,000 community-based organizations. Outreach services include training and free mailings of financial education materials in many languages, including English, Spanish, Chinese, Korean and Vietnamese. Consumer Action's rapidly expanding network is the largest and most diverse of its kind.

Advocacy. Consumer Action is deeply committed to ensuring that underrepresented consumers are represented in the national media and in front of lawmakers. The organization promotes pro-consumer policy, regulations and legislation by taking positions on dozens of bills per legislative session and testifying at least three times per year. Additionally, its diverse staff provides the media with expert commentary on key consumer issues supported by solid data and victim testimony.

What should I do if my purse or wallet is lost or stolen?

Consumer education expert Linda Sherry discusses what to do if you purse or wallet is lost or stolen, including preparation and calling credit card companies.

This video: 12,697 views
This expert: 202,364 views

Print

Transcripts

Linda Sherry: Hi! I am Linda Sherry from Consumer Action and today we are going to talk little bit about some advice for people who have become victims of identity fraud.

Speaker: What should I do if my purse or wallet is lost or stolen?

Linda Sherry: The first thing you should do before your purse or wallet is ever stolen, you should write down a list of the things you keep typically in your wallet or purse and the contact numbers for those companies that issues to those cards; so that could be your credit cards, your bank card, your voter registration card, your library card, all those things that you really going have a hard time thinking of hen your purse or wallet is stolen.

So, take that list that I hope you have created by the time purse or wallet is stolen, and look at it and call all the companies, notify and especially start with the credit card company, the ones where the thief could actually do some real damage with the cards or the bank card, etcetera. Call up, in most cases those accounts will be closed or cancelled and you will be issued new cards.

Then the other thing, follow-up with the all other companies; then I really recommend that you get your credit report and you can get your free annual credit report; if you haven't got it already or just pay for one, because this is the place where if, for instance, you had a Social Security Card in your wallet and you had your address and you had some other key information about yourself in the wallet, a thief has just found a bonanza. An ID thief is having a great day when he finds all that stuff.