Missing Steps

What to do if you lose your wallet or purse

Losing your wallet or purse is a giant financial headache. You basically have to get on the phone and call everyone — health insurance providers, credit card companies, etc. — to get things back to normal. If you’ve lost your wallet or purse or had it stolen, here’s a look at what you should do and how to do it.

Think First

The first thing you want to do when you can’t find your wallet or purse is to make sure it’s actually missing or stolen. You don’t want to call and cancel credit cards that you end up finding 15 minutes later. Do a thorough search for the missing items before taking action.

Contact Cards

Once you know for sure that your wallet or purse is gone, contact your bank or credit union and credit card companies and report your cards as missing. The companies will issue you new cards and likely now be on high alert to any suspicious activity on your accounts.

Freeze Your Credit

The next phone call should be to freeze your credit. If you freeze your credit, lenders won’t be able to pull your credit report. That freeze means a thief won’t be able to take out a loan or apply for a credit card using your personal information.

Call Health Insurance Provider

You’ll want to call your health insurance provider and report your card missing. As US News reports, the chances that someone will use your info to make a claim are slim, but it does happen. When your wallet or purse goes missing, it’s always better to be safe than sorry.

This blog is available for Granite State Credit Union members through CreditSavvy, in partnership with, and powered, by SavvyMoney. To learn more about CreditSavvy click here: https://www.gscu.org/learn/creditsavvy.html