Preventing identity theft resulting from stolen wallet or purse

Preventing identity theft resulting from stolen wallets or purses

Posted:

By DON DARE
6 On Your Side Consumer Reporter

KNOXVILLE (WATE) - If you have ever lost your wallet or purse it can be frustrating and scary.

A great deal of time and effort must go into making sure your identity is not stolen and those items are recovered.

There are many items you definitely need to carry in your wallet or purse, but there are some valuable items you can remove and probably won't miss.

Identity theft experts say your social security card is the absolute worst item to lose.

If you happen to be a retiree, you should remove your Medicare card as well.

Blank checks are a huge risk to keep in your wallet or purse. Because your check contains routing and account numbers, thieves can easily empty your checking account with a single piece of paper.

Carrying a single credit card is much safer than carrying several. The more plastic you have in your wallet, the more cards you have to cancel if your wallet is stolen.

It is also not a good idea to carry a spare house key. A lost wallet or purse containing a spare key and your home address puts not only your assets, but your family at risk.

Keeping track of computer passwords can be a hassle, but carrying a list of them can lead to horrible consequences if your wallet is misplaced.

Many people carry gift cards around thinking, "I'll keep it with me for when I pass the store." However, gift cards and certificates are just like cash and don't require an ID for use.

When it comes to your assets and identity, there is no such thing as being too cautious. Losing your purse or wallet can be inconvenient, but taking some of these steps can stop it from being a disaster.

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