Lose Your Wallet? Identity Theft or Fraud May Follow

Lose Your Wallet? Identity Theft or Fraud May Follow

Hand reaching for wallet on ground

Our purses and wallets contain crucial information, so protect yourself and minimize identify 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.

Disclosures

The information in this article was obtained from various sources not associated with State Farm®. While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. These suggestions are not a complete list of every loss control measure. The information is not intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. Nor is it intended to effect coverage under our policy. State Farm makes no guarantees of results from use of this information.