Nearly 1 In 3 Report Criminals Tried To Use Their Lost Credit Cards

MoneyTips

Your wallet is gone, along with your credit cards. Is your worry justified that someone will try to use your credit cards and stick you with the bill? We decided to find out.

In an exclusive MoneyTips survey, we asked 509 Americans in November whether they had ever lost or had stolen their wallets, purses, pocketbooks or money clips (we'll use 'wallets' from now on to represent these four accessories). We then asked those who were victims of missing wallets:

Of those who did have missing cards, nearly 1 in 3 (32%) reported that someone unauthorized had tried to use their debit or credit cards. This misfortune appeared to increase with age: only 28% of those under 45 were affected, versus 36% of those 45 and over. This identity theft issue affected 35% of the women, com...

from MoneyTips http://bit.ly/2PKzI4b