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Saving Advice
Saving Advice
Lifestyle
Drew Blankenship

8 Things You Should Remove From Your Wallet Before It’s Lost or Stolen

things to remove from your wallet
Your wallet may contain more sensitive information than you realize. Removing unnecessary credit cards, Social Security documents, passwords, and other personal records can reduce your exposure to fraud if it’s lost or stolen. LightField Studios/Shutterstock

If someone stole your wallet tomorrow, how much damage could they actually do? Most people immediately think about their credit cards and cash, but the biggest financial risks may come from the personal information tucked behind those cards. A lost wallet can give criminals access to identifying details that make identity theft, account fraud, and impersonation scams easier.

The Federal Trade Commission warns that identity thieves can use stolen personal information to open accounts, make unauthorized purchases, and commit other forms of fraud. Before your wallet disappears, consider these eight things to remove from your wallet to reduce the potential damage.

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