Many people are not sure what to do when a credit card is lost or stolen. Having a credit card lost or stolen can be very stressful and many people tend to panic. Try not to panic, you will need to keep a level head to resolve this situation. Once you notice a credit card missing, do not waste time trying to figure out who stole it or where you may have left it. You should immediately contact the credit card or debit card issuers to report the loss or theft of your credit/debit card. Many companies offer a toll free number and 24-hour service to help you deal with this type of situation. After reporting the theft or loss of your credit card, it is a good idea to follow up with a letter to the credit or debit card company. This letter should contain your account number, when you first noticed your card missing, and the date you reported the loss.
Credit Card Loss or Fraudulent Charges (FCBA). If your credit card is used without your authorization, your maximum liability under federal law is $50.00. The FCBA states the card issuer cannot hold you responsible for any unauthorized charges, if you report the loss before your credit cards are used. The maximum amount you will owe if a thief uses your credit cards before you report it missing is $50.00. Keep in mind, you are not liable for anything, if the loss involves just your credit card number, not the card itself.
"What you should do if your credit card or cc number gets stolen" »