Last week I had a “senior moment” – I lost my car keys (a rather expensive incident when you happen to drive a BMW.) My wife and I went to the movies at night and when we came out, I couldn’t find my keys. Fortunately I had made a “wallet key” and we were able to drive home.
I first heard about “wallet keys” about 10 years ago. AAA offers them for free as part of your membership package and I’ve carried one ever since. Unfortunately, when I purchased my BMW last year, the AAA wallet cards weren’t available. I debated about getting BMW’s version of a “wallet key” since a) I’d never lost my keys and b) this key was not free. I decided to get one because “you just never know.”
Last week I also received an email with information that will help you minimize the damage in case you ever lose (or someone steals) your wallet. Because you just never know…
1) Do not sign the back of your credit cards. Instead, put “PHOTO ID
REQUIRED”.
2) Place the contents of your wallet on a photocopy machine. Do both
sides of each license, credit card, etc. You will know what
you had in your wallet and all of the account numbers and phone
numbers to call and cancel. Keep the photocopy in a safe place.
3) File a police report immediately in the jurisdiction where your
wallet was stolen. This proves to credit
providers you were diligent, and this is a first step toward an
investigation (if there ever is one).
4) But here’s what is perhaps most important of all: call the 3 national credit reporting organizations immediately to place a fraud alert on your name and Social Security number. The alert means any company who checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit. Here are the numbers:
a) Equifax: 1-800-525-6285
b) Experian (formerly TRW): 1-888-397-3742
c) Trans Union: 1-800-680-7289
d) Social Security Administration (fraud line): 1-800-269-0271