More than 40% of identity fraud cases stem from a lost or stolen wallet or purse, according to insurance company Travelers’ claim data. If you’re carrying around these things in your wallet, you’re likely putting your identity and finances at risk.

1. Social Security Card

The #1 thing you should never carry in your wallet is your Social Security card.

“Your Social Security Number is the most vital piece of information for identity thieves, and the damage resulting from identity theft can impact your finances for years to come,” said Michael Bruemmer, vice president of consumer protection at credit reporting company, Experian.

If someone gets your number, he or she can use it to apply for credit in your name, file a tax return and claim a refund, or get a job and earn income that’s reported to the IRS — which will create problems for you at tax time, according to the Social Security Administration. For these reasons, losing a Social Security card can be devastating. While you can get a new Social Security Number, you must have evidence that someone is using your current one. However, some government agencies and businesses might still associate you with the old number — even after you make the switch.

2. Birth Certificate or Passport

When you go out, it’s best to leave your birth certificate and passport at home.

“Like your Social Security Number, these items contain some vital, personally identifiable information, and losing these will make it all too easy for thieves to steal your identity,” Bruemmer said.

Unfortunately, more than half of travelers surveyed by Experian said they carry their passports in their wallets. If you’re traveling overseas, opt to leave your passport locked in the hotel safe rather than keeping it with you while you’re out on the town.

3. Extra Credit Cards

A survey by Experian’s ProtectMyID identity service found that 47% of consumers don’t remove unnecessary credit cards from their wallets before traveling. Carrying numerous cards doesn’t just put you at risk on vacation, though. It’s also a dangerous habit.

“If your wallet is stolen and you have eight credit cards in it, that means you will have to cancel eight credit cards, dispute with eight different card companies if fraud does occur, as well as reset any autopay you had for those eight cards,” Bruemmer said. “The more cards you carry, the more opportunities you are giving a thief to steal your money or information, and the more work you are putting on yourself to reestablish accounts after a theft.”

It is recommended that you only carry your main credit card and perhaps a backup one. Only carry retailer cards in your wallet when you are headed to those specific stores. And make sure you have a record of your credit card account numbers and contact information for each card issuer stored at home, in case a card is stolen.

4. PINs and Passwords

Some people write down their debit card PIN and passwords for accounts in case they forget them and carry them in their wallets. However, this information should always be left at home in a secure place.

“If someone has access to your bank PIN or financial account passwords, they can easily steal money from your accounts or make purchases under your name,” Bruemmer said.

5. Checks

If you prefer writing checks to using a debit card, avoid carrying your entire checkbook around with you. Otherwise, thieves have easy access to your money in the event that your purse or wallet is stolen.

Checking account fraud can be especially difficult to resolve, according to the Identity Theft Resource Center. You should report your stolen checkbook to the police and keep a copy of the report to submit to any merchants or financial institutions at which your stolen checks were used.

Unfortunately, putting a stop payment on the checks that were stolen probably won’t be enough to fix the problem. According to the Identity Theft Resource Center, you’ll likely need to close your account to prevent further damage.

Don’t wait until it’s too late! Be sure to enroll in our Identity Theft Protection Program from Sherpa today. The best part? You can enroll right online, 24/7. You can trust in First Financial and Sherpa to help keep your personal information protected. Packages begin at just $5.99 per month – so click here to enroll today!

Article Source: Cameron Huddleston for Go Banking Rates, https://www.gobankingrates.com/personal-finance/things-never-keep-wallet/