Don't Lose your Mind
It seems that people are depending more on plastic each day, so it can be a nightmare if your credit or debit card ends up lost or stolen. There are steps that you can take to help you minimize the negative effects this can have on your finances.
You will want to start off retracing your steps. If it is only your card that is missing go back to the last place where you used it and see if it has been turned in. You may get lucky and have had an honest person turn in your card. Contact the card company and have them monitor any suspicious activity with your card. Your card was out of your possession and someone could have easily written down your information and left the card.
If it was a purse or wallet that was missing or stolen and you believe that you can not recover it then you will want to contact the customer service department of each one of your cards. This can be extremely challenging if you have more than one bank or credit card. It is important that you keep a record of all of your cards that includes the number and expiration date, PIN, 800 numbers that you can contact, and your account number. This should obviously be kept in a safe and secure place away from the cards themselves, and not just stashed in a dresser drawer.
The FTC suggests that you contact the card issuers as soon as possible and that you follow up your phone call with a letter that includes your account number when you noticed your card was missing and the date that you first reported the loss.