In this class, we explored essential actions to take if you lose your wallet or suspect it has been stolen. The session provided practical advice on immediate steps to ensure your financial safety and reduce potential risks.

Key Takeaways and Next Steps:

Use a Bluetooth Tracker:

Consider having a Bluetooth tracker like an AirTag or Tile in your wallet. This can help you easily track its location if it's lost.

Confirm if Wallet is Stolen:

Before taking further action, make sure your wallet is indeed stolen and not misplaced.

File a Police Report:

If your wallet is stolen, file a police report immediately. This is crucial for documentation, especially if identity theft or fraudulent transactions occur later.

Cancel Debit and Credit Cards:

Promptly cancel all debit and credit cards either over the phone or through banking apps to prevent unauthorized use.

Contact Credit Bureaus:

Notify the three major credit bureaus (Equifax, Experian, TransUnion) and consider freezing your credit or setting up a fraud alert to prevent identity theft.

Update Auto-Pay Accounts:

Adjust any auto-pay accounts linked to your canceled cards to avoid missed payments.

Replace Important Documents:

Replace critical documents like your Social Security card (if carried), Medicare card, and driver's license. Remember, it's generally advised not to carry your Social Security card in your wallet.

Limit Liability for Debit Card Loss:

Report the loss of your debit card as soon as possible to cap your liability for any fraudulent transactions.

If Cell Phone Is Also Stolen:

Use 'Find My' app or similar on another device to locate your phone. Remotely erase data if necessary to protect your information.

Traveling Concerns:

If traveling, refer to TSA for domestic travel issues (https://www.tsa.gov/travel/security-screening/identification) or the State Department for international travel problems, especially for lost or stolen passports (https://travel.state.gov/content/travel/en/passports/have-passport/lost-stolen.html).