What To Do If You Lose Your Wallet While Traveling by paradise

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What To Do If You Lose Your Wallet While Traveling by paradise Whether you are traveling locally or abroad, getting away from the usual places and routine is always a thrill. Ideally, you have all your travel documents in order if you are traveling abroad, and you have taken care of the finances. However, things don't always go according to plan when you are traveling. One of the worst things that can happen is that you lose your wallet. It can create a real crisis if your credit or debit cards were in there as well as travel documents like your passport or visa. Whether you misplaced your wallet somewhere or you got mugged, there are precautionary steps that you need to take immediately. One is to cancel your credit or debit cards. Submitting a report before an ATM card is used means that you have no liability whatsoever. With credit cards, the same rule applies but your liability is limited to a certain amount if you do not submit a report. If you are abroad, you'll need to report to the Embassy or Consulate of your country. They will verify your identity and help you with the process of replacing your passport and visa so that you can go back home. You should also take the precaution of initiating a fraud alert from one of the credit reporting bureaus. This way, should someone try to take a loan in your name or initiate another large transaction, you will first be called to confirm the transaction. What about emergency funds? If you are in your country, you can dial a customer care line, report the loss to your financial institution and they can rush new cards to you after the cancel the missing ones, perhaps by courier. If you are abroad, you can make an emergency collect call to your credit or debit card company. Financial institutions will handle situations differently most if not all will want to do all that they can to help their clients in a situation where they have no funds at all. One quick solution is for finances to be remitted to you online. If you are in a situation where you have no money at all even for your next meal or take a cab, you can ask that finances are remitted to you online. The financial company will check the status of your credit or debit card and they will usually be perfectly willing to send money to you online. You can access your funds as soon as they are remitted online and you can go on with your trip. If not your financial institution, then you can always call on a friend or family member and ask them to send money to your online account as you wait for replacement cards. Apart from being fast and convenient, international money transfer services can be used in most countries in the world. Neither do you have to worry about cost. The transaction is done electronically so it is very cheap. You don't have to worry about expensive fees, especially in another currency. Err on the side of caution You may not see the need to have an online account. Even though, open one just as a precaution. You can even put some funds in it so that if you lose the cards in your wallet, all you will to access your emergency funds is a computer or internet-enabled cell phone. To this end, Azimo is one of the fastest, safest and cheapest international money transfer services available. photo credit: GuySie via photopin cc