Finance Nuts

If Wallet Is Stolen Use These Tips

What to do if wallet is stolen

A stolen wallet is a problem. But you’ll have bigger problems if it turns into full-blown identity theft.

Identity theft occurs, among other things, when a thief takes your personal information and uses it to open new credit accounts. In other words, the issue goes beyond theft within existing credit accounts. It involves opening brand new fraudulent accounts, using your name and personal information, so the new credit can be tapped by the thief.

To shut down fraudulent activity you must go beyond simply contacting the issuers of existing credit cards. You must widen the safety net.

If Wallet Is Stolen Use These Tips

What to do if wallet is stolen

A stolen wallet is a problem. But you’ll have bigger problems if it turns into full-blown identity theft.

Identity theft occurs, among other things, when a thief takes your personal information and uses it to open new credit accounts. In other words, the issue goes beyond theft within existing credit accounts. It involves opening brand new fraudulent accounts, using your name and personal information, so the new credit can be tapped by the thief.

To shut down fraudulent activity you must go beyond simply contacting the issuers of existing credit cards. You must widen the safety net.

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