Our purses and wallets contain crucial information, so protect yourself and minimize identity fraud risk by limiting what you carry. More cards can spell out more financial losses. On an average day, you may only need your driver's license, cash, and a credit card for emergencies.
If your purse or wallet is stolen, it's alarming and potentially dangerous—for your finances, identity, and personal safety.
The following steps can help minimize your identity fraud risk:
- Contact your financial institutions. Call your bank and credit card companies to stop any transactions and order new cards with new account numbers. After the theft carefully review your account statements to keep an eye out for unauthorized purchases—your credit card company may reimburse them.
- File a police report. It offers a chance to recover your wallet and provides some protection against identity theft. It's also a good way to catalog your wallet's contents. Request a copy of the report for your records.
- Get a new license. Contact your local Department of Motor Vehicles to learn how. Some offices offer online replacement services, while others require you to appear in person.