A lost wallet could cause severe debt
Losing your wallet or purse could make life easy for a fraudster who can use your documents to take on your persona and run you into debt.
Nowadays, we carry more than just loose change in our wallets and purses. Often we have two or three credit cards, debt cards, our driving licence and cash. If these documents fall into the wrong hands, it could take literally seconds for a thief to use your personal finance information and take on your name as his pseudonym.
Capital One have carried out research which shows that 93% of the British public carry around enough documentation to equip a thief with all of the information he would need to go on a spending rampage.
To avoid carrying too many documents in a purse or wallet, credit cards could be carried separately in a business card holder which can be placed inside your pocket. Alternatively, only carry the credit or debit card that you are likely to use and keep cash to a minimum.
Whilst at work, make sure that your purse or wallet is always with you and never leave it unattended for a minute, even if you have to go to the bathroom. Keep your bag closed tightly at all times and carry it over your shoulder and in front of you.
It takes just a minute to have your identity stolen, so make sure that you are the only one managing your finances. Don’t let a fraudster manage your debt for you.
Savings News posted on 20/08/2007 10:07:03
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