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Guest post from Dave Weliver: Plan for lost credit cards
Editor's note: Emily is currently on her way home from Europe. While she's been gone, some friends have graciously volunteered to step in for her and guest post. This is the last guest post before her return.
Today's post is by David Weliver, the founder and editor of Money Under 30, a personal finance blog for the young and ambitious. David's writing has appeared in national magazines including SmartMoney and Inc. He currently works as an online editor in Marblehead, Mass.
Just before nodding off last night, I watched a few minutes of a "Sopranos" rerun: Tony was traveling when he discovers he has someone else's wallet and not his own. Without ID or credit cards, Tony couldn't get a plane home, reserve a hotel or even buy dinner. I missed the ending, but the show made me think: If my wallet disappeared, what would my plan be?
If your credit or debit cards are ever lost or stolen, it's imperative you contact each of your card issuers immediately to report the event. You cannot be held liable for more than $50 of fraudulent charges to your credit cards, but you will need to prove that each illegitimate purchase wasn't made by you -- a process that can take weeks or months before your accounts are cleared.
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