When it comes to your credit, you can’t trust anyone. Not even your local grocery store clerk.
Just the other day at the park, I had a conversation with my best friend who was shopping at her neighborhood grocery store with her two toddlers in tow. She paid, loaded up and escaped gleefully from the gum and candy aisle without facing her children’s tears. All in all, she considered it a successful trip.
It wasn’t until she got home that she realized she’d left her wallet at the store. In a panic, she called and was relieved that they had her wallet. Thinking it was her lucky day, she reloaded her brood and drove back to the store to retrieve her wallet and express her thanks. It wasn’t until a month later that she learned just how bad that day really was.
In the few minutes her wallet was lost, someone at the store racked up $20,000 in charges on her credit cards before taking her call and letting her know that the card was indeed still at the store.
She learned an expensive lesson that day: Whenever your wallet is lost – even if it is found – you should always call your credit card companies and let them know what happened. They can send you new cards and properly document the incident. It may seem like a waste of time at first, but when it comes to your credit, you’re better safe than sorry. Even if the charges don’t show up right away, your number could be floating around out there and not being cautious could end up costing you a lot more than time.