5 Ways to Recover from ID theft: What to do if your Wallet or Handbag gets Stolen

It happened. Your Wallet, handbag and/or purse got stolen. It happens to a number of people worldwide, and now it has happened to you. Take a moment to identify the steps you ought to take immediately:

1. Contact your bank/financial institutions immediately: First things first, people are likely to go after your funds. Call your bank and tell them to freeze your accounts/cancel your credit and debit cards. This will ensure that they can track card movements and ensure that there is minimal damage to your savings.

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Thieves are usually after your money, don’t let them get it!

2. Call the Police: Lodge a complaint with the police and keep documents where ever possible. If you’re lucky, they will be able to apprehend the thief. Ensure that you get a copy of the police report.

3. Call other companies whose services you use: This may be a loyalty card, gym membership, library card… anything. This is partly because you don’t want anybody impersonating you, and the other reason is that when notified, you could track the thief’s movements based on how they use your cards.

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Pick up the phone & take immediate action

4. If you had keys: change your locks: Its better to be safe than sorry but if you had a pair of keys in your wallet, the thief not only knows where you live, but also has the means to get inside your home. Be wise and change locks as soon as you can.

5. Get a copy of your driving license and NIC: This is arguably the biggest hassle, but these are important documents which you will need in Sri Lanka. If you are unfortunate enough to lose these documents, consider opting for the one day service. Yes, its more expensive and you will need to be physically present, but the sooner you get these compulsory documents back, the better it is for you.

We honestly hope that you don’t need to use this advice, but please remember these tips… just in case

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Disclaimer: The views shared in this blog are based on the macro economic conditions & industry status quo as per the time of publishing.

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