NationStates Jolt Archive

So, my check card was stolen yesterday. I was in a hurry to get out of a restaurant, and must have left it there. My fault, really. Anyway, I called it in and got it all taken care of, but what I'm wondering now is whether or not that will go on my credit report. The representative from my bank didn't seem to know, and none of my friends know either. So, generalites, do you know the answer? Has this ever happened to you? Is there anything else I need to watch out for?

I don't think so; losing your card doesn't have any effect on your ability to pay debts or your debt history so I don't think it will matter. I'm assuming you mean your credit card, not your debit card in this case.

If it's your debit card it won't matter at all because it's not a true credit transaction; you're just spending your own money. Losing your card will have no effect whatsoever, and neither will the purchases you make with it for that matter.

If you're really not sure, you could check your credit report to be safe but it shouldn't have any effect.

Credit cards...tsk tsk tsk.

People use money they don't have for stuff they don't need.

Debit cards are fine though. Actually next question, do debit card transactions make the reciever pay a fee like credit cards?

Debit cards are fine though. Actually next question, do debit card transactions make the reciever pay a fee like credit cards?
yes, and the fee per transaction is the same whether it's a debit or a true credit card.

*has a merchant account*

If it's your debit card it won't matter at all because it's not a true credit transaction; you're just spending your own money. Losing your card will have no effect whatsoever, and neither will the purchases you make with it for that matter.
Okay, that makes sense. For the record, it was a debit card, not a credit card. I just wanted to make sure - my credit report is really good, and I don't want to ruin it.

You reported it right away: therefore they know any other charges on that number are not yours.

Certainly not. Losing a check card is tantamount to losing something you already have, and that sort of thing doesn't go on a credit report.

not if you notify the bank straight away.

It's not really your fault, it shouldnt go on your credit score, and if it does it should just be a foot note and not count to the actualy overall status of the rating.

not if you notify the bank straight away.

It's not really your fault, it shouldnt go on your credit score, and if it does it should just be a foot note and not count to the actualy overall status of the rating.

By definition, a debit card transaction does not in any way reflect on your credit history.

Someone with a stolen debit card can not generate debt, all they can do is spend your money, must like losing a 20 dollar bill wouldn't affect your credit. A debit card doesn't create debt. There is a risk of course of them accessing your bank, however since that card is already canceled...no worries.

Err... its a debit card

There going to have trouble using it without your PIN :P

Mine does not have a PIN.

Mine also comes with bank paid insurance so if it gets stolen, I dont have to pay.

It varies bank to bank.

So, my check card was stolen yesterday. I was in a hurry to get out of a restaurant, and must have left it there. My fault, really. Anyway, I called it in and got it all taken care of, but what I'm wondering now is whether or not that will go on my credit report. The representative from my bank didn't seem to know, and none of my friends know either. So, generalites, do you know the answer? Has this ever happened to you? Is there anything else I need to watch out for?

It happened to me. When you called the credit card company, they immediatly cancel your card and should send you a new one. Any charges on the old card will be denied. Your credit report will show the stolen credit card as stolen or lost. It is not a negative thing and will not affect your credit rating.

Mine does not have a PIN.

Mine also comes with bank paid insurance so if it gets stolen, I dont have to pay.

It varies bank to bank.

You should never, ever, under any circumstances get a debit card without a PIN, even if your bank insures it. Why? Your entire account can be cleaned out in a matter of minutes. Then you are without money and have to go throught the hassel of fighting with the bank to get your money back. It just isn't worth it. It takes banks days to clean up messes like that and in the mean time you are without any money. :(

So, my check card was stolen yesterday. I was in a hurry to get out of a restaurant, and must have left it there. My fault, really. Anyway, I called it in and got it all taken care of, but what I'm wondering now is whether or not that will go on my credit report. The representative from my bank didn't seem to know, and none of my friends know either. So, generalites, do you know the answer? Has this ever happened to you? Is there anything else I need to watch out for?


Since it's been reported, any transactions after the report will be void and no money should leave your account. As for whoever below who said check cards can't generate debt? They CAN. Ever bounced a check? Unless you've got a kickass student account or something with overdraft protection, stuff can keep on bouncing 'til the cows come home.

Okay, that makes sense. For the record, it was a debit card, not a credit card. I just wanted to make sure - my credit report is really good, and I don't want to ruin it.

I doubt you would even have damaged your credit score if it was a credit card that was stolen; most of the time, if you've got a great credit history banks tend to be more forgiving of any mishaps with your credit card.