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The MRL Morning Show

Weekdays 6:00AM-10:00AM

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Just this week LauRen from the Maney, Roy & LauRen Morning Show said her identity had been stolen! We have no clue how it happened, although she does seem to forget where she leaves her wallet, which is a big a clue.

Want to avoid an unwanted identity thieves? The con artist Frank Abagnale, whose memoir ‘Catch Me If You Can’ launched a movie by the same name, has some pro tips on what you should never have in your wallet.

  • Too many credit and debit cards. It’s simple. The fewer cards you have, the fewer calls you have to make to freeze your accounts if your wallet goes missing. Frank says he never uses a debit card and only carries two credit cards. One for business, the other for pleasure.
  • Social Security card. Why is this even in your wallet? Talk about making it easy for a fraudster. Store that somewhere safe that isn’t your pocket!
  • Checks. Frank says if you know you’re going to have to write a check, carry only one on you because check fraud crazy easy to pull off.
  • Gas station and ATM receipts. While your whole account number isn’t printed on the recipt, even just the last four digits of your card can be enough to give an identity thief a head start.

What should you have in your wallet (or purse)? As little as possible! So it’s time to clean out all those business cards you’ll never actually contact and that Dunkin gift card you can’t remember if it has 50 dollars or 50 cents.

Source: CNBC