My Wallet Just Got Lost: What do I do now?

lost wallet

One day, you wake up and realise that you want to make a change in your life. So, you start eating a little healthier, cleaning up your apartment, and you even decided to finally get a haircut to look more professional.

Next, you decide to get a new car to drive to work. One that didn’t hiss or pop or made any noise that shouldn’t be there. So, you’re on your way to the car dealership, and when you arrive there, you talk to the people about making the arrangements, and as you reach into your pocket, a sense of dread fills your chest: your wallet was gone.

Your wallet, which contained the money you were going to use as a downpayment for the car, along with your other identification and credit and debit cards, fell out of a hole in your pocket.

The first thing you want to do at this point is panic. But you stop yourself. This is the moment when you ask yourself: what do I do now?

Stay Calm

stay calm

By the time you’re done panicking, whoever has your cards would have used that time to use your cards to make purchases and more. So, it is important to stay calm and think. Where did you last see your wallet? Are you sure that you took it from the counter on your way out of your house? Did you take it out of your pocket during the commute to the dealer?

It may not be too late to retrace your steps and try to get an idea on where it may have ended up in. If you retraced your steps and hadn’t found it, then you need to take the next step.

Call the Bank(s)

call banks

These days, just about everyone has at least one debit card or a credit card in their wallet. Once you’re sure that you can’t find your wallet anywhere near you or the places you’ve been, it is now time to make phone calls.

The first call you should make should be to your debit card issuer. This is an important step to take because if there have been any unauthorised withdrawals or more using your missing cards, the bank won’t hold you accountable as long as you report the card stolen as soon as possible. Do the same for your credit cards.

Once you’ve informed the bank about your predicament, they can reissue you a new card with new numbers, making your old cards useless and thus protecting your money. You will be expected to pay a small fee for the replacement cards, but that is still better than having all of your money stolen in one go.

File a Police Report

police

The next step is to head down to the nearest police station, and file a police report. Remember everything that was inside your wallet and list them down. Don’t leave the station until you get a copy of the report.

A good reason to do this is that in case someone steals your identity, the police will already have a record of your wallet stolen. And in the off chance that they lose it, you will have a copy to show them.

Call your insurance provider

insurance

It’s not uncommon to keep your insurance card in your wallet. So, if it gets stolen along with your other valuables, don’t forget to call your insurance provider and inform them of the situation.

You might think that your insurance card is something thieves won’t be interested in, but of course, it is free medical care for them, and they might find ways to use it one way or another. So, it is best to get in touch with your insurance provider and request for a new one as soon as possible.

A lost wallet is a sure fire way to ruin your day. But don’t let this minor setback prevent you from creating a better life for yourself. Always remember that life’s not out to get you, despite the things you’ve been through, and to try buying a car as soon as you think the time is right.