Did you know that a Wells Fargo credit card can be “stolen” even if no fraud has occurred? Call the Wells Fargo consumer services hotline and simply follow the prompts to reach their fraud department. Should you ever become a victim of an unauthorized Wells Fargo credit card, there are several things you can do in order to reverse the damage done. Follow these tips:
Switching your debit or ATM card out of your name, and switching it back into your name is one way to help keep security intact. Most of the time, a thief will attempt to get a hold of an ATM or debit card by asking for your PIN. Many people don't remember their PIN numbers, which makes it very easy for someone to use your identity. If you've recently been the victim of an unauthorized Wells Fargo credit card, the first thing you should do is call your bank and inform them of the incident.
Be sure not to close your checking account. If a thief does manage to get hold of your checking account, it could take him or her a long time to make a getaway. Most people usually keep their checking account open, and they use the money to pay their credit card bills and purchase other items. If you don't have a checking account at your current bank, you may want to consider opening a savings account at a local bank. You can also open a second mortgage on your house to secure the savings and to help you make up the difference if your Wells Fargo credit card is stolen.
Once you've secured a checking account and a savings account, the next step is to contact your credit card company. Be sure to report the theft as soon as possible. You'll probably have to give your bank or the company you're dealing with a written statement indicating that you did experience a fraudulent claim. Write down the phone number where you called them from, and keep a copy of your statement in your wallet or purse. Your statement will help your credit report, so be sure to check it carefully. If a theft has been reported on your credit report, you'll probably be able to get a temporary freeze on your credit card account until you fix the problem.
Don't close your checking account. Although freezing your checking account won't solve the problem of a stolen credit card, it will stop any new activity on your account. In addition, since you won't be able to open a new checking account while the freeze is in place, you won't have access to any funds on your account. This will prevent anyone from opening a new account in your name and will prevent your name from being listed on any fraudulent accounts.
If a thief has used your name to establish a new account in your name, this will also stop you from getting new credit cards in his name. Some people try to run a check on the new owners of prepaid cards, but that doesn't help. In order to stop thieves from using your name, you must do everything possible to stop the original transaction from happening. This includes not carrying around lots of cash, and not leaving your name on prepaid cards for anyone else to use.
Report a Lost or Stolen Wallet – Wells Fargo – wells fargo stolen card | wells fargo stolen card
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