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First thing to do after losing your credit card
#1
Credit cards are financial tools that affords one access to funds they don't have yet at their disposal, but they can spend such money until they are able to pay back with interest possibly by month end from their monthly earnings. Now should one lose this credit card by accident or theft or carelessness, what be the first thing to do in order to be on the safe side by not having another individual incur debts for you?

Normally, if it were to be when the world was a better place, these card would be returned to the owner but such hardly happen lately because most people are looking for means to steal from others. They say prevention is better than cure, I would suggest making a direct move to the financial institution that issued the card and have it deactivated immediately.
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#2
The only smart thing to do would to be to notify the bank immediately so they can block the account. In the US, for example, the law limits the liability of the card owner to 50 $ if the credit card was stolen and used for fraud, if it is reported within 60 days, which really should not be an issue.
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#3
Yes, you have to call the lender immediately or you could be responsible for charges made on the card. That happened to my former husband when we were on vacation. He lost his wallet with all his cash and credit cards on it. He had to spend the better part of the day cancelling all his cards. He got the wallet back the next day sans the cash..but all the cards were there. Still you can't wait because you don't know who might have it.
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#4
Think first where did you lose your credit card you might put it somewhere else. Then if you realize that it has been stolen from you that's the time you can call your credit card company. Call them right away so they can cancel your credit card to avoid getting used by others or cloning your card.
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#5
(01-09-2018, 08:49 AM)Martinsx Wrote: Credit cards are financial tools that affords one access to funds they don't have yet at their disposal, but they can spend such money until they are able to pay back with interest possibly by month end from their monthly earnings. Now should one lose this credit card by accident or theft or carelessness, what be the first thing to do in order to be on the safe side by not having another individual incur debts for you?

Normally, if it were to be when the world was a better place, these card would be returned to the owner but such hardly happen lately because most people are looking for means to steal from others. They say prevention is better than cure, I would suggest making a direct move to the financial institution that issued the card and have it deactivated immediately.

Of course you need to contact your bank holder to hold your finance to make your money safe or prevent losing money.

My opinion only
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#6
The first thing to do once you realize that a credit card is missing or lost is to call the issuer's hotline. The Lost Card line is typically available 24/7 unlike other bank services. They can deactivate the card which can free you up from any liabilities that may arise when the card is used by another person from the time of notification. When you call to inform the bank, you must be prepared to provide the important details like the credit card number and/or the CVV. It's best to have these numbers in your head but if you can't memorize this stuff like many people I know, you have to write them down and keep the numbers in a secure place. You can also save them in your smartphone though you have to make sure that no one else can figure out what those numbers are for.
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#7
Report it immediately to the bank where you get your credit card. By doing so, the credit card will be canceled and it cannot be used by anyone who got it.
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#8
If you lose your card, first thing you need to do it to call your bank provider and block it, so that anyone that will find your credit card will be able to use your credit card. Please also take note that you have a two way verification before anyone can use that card. You will know if someone is trying to use your credit card.
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#9
Probably the first thing to do is to hold or close your credit card or your account as well, contact the bank account immediately. That's the first step that you need to do in order to stop the losing of your money or from stopping someone that may have tried to access your money from your bank account.
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#10
There are some time that we tend to lose our credit cards unnoticed. It might have been misplaced, or worse, it might have been stolen. Once you know that your card has been either lost or misplaced, you must call, text, or inform the bank immediately to block your card as soon as possible. It is just east and by doing this, your savings will also automatically be secured. Don't wait for a point that you will notify the bank three days after it was misplaced or lost. As soon as your card was lost or stolen, report it immediately.
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