About a month ago I wrote a blog called “Back to School: Protect Your Child’s Identity”. In it I talked about an article I read by Colleen Tressler at the Federal Trade Commission that shared some great tips on how to keep your kiddo’s (and your own) identity safe. One of the recommendations was to use a shredder.
Okay, fine. That seems like a no-brainer, but what do you shred and what should you keep?
I went back to the FTC website, here is what I found:
When should I shred it? Immediately
- Sales receipts
- ATM receipts
- Paid credit card statements
- Credit Offers
- Cancelled checks (that are not tax-related)
- Expired warranties
When should I shred it? After 1 year
- Pay stubs
- Bank statements
- Paid, undisputed medical bills
When should I shred it? After 7 years
- Tax-related receipts
- Tax-related cancelled checks
- Records for tax deductions taken
When should I shred it? It depends…
- Auto titles – Keep as long as you own the vehicle
- Home deeds – keep as long as you own the property
- Disputed medical bills – Keep until the issue is resolved
- Home improvement receipts – Keep until you sell your home and pay any capital gains taxes
When should I shred it? Never – Keep these locked up for safe keeping
- Birth certificates
- Social Security cards
- Marriage or divorce decrees
- Citizenship papers
- Adoption papers
- Death certificates
- Tax returns
I just printed off this list and put a copy of it next to my shredder at home. I’ve got some clean-up to do. I hope you’ve found this as helpful as I have.
A. Alliance Collection Agency, Inc. is a full service, licensed accounts receivable management and debt collection agency providing highly effective, customized one on one management and recovery solutions for our business partners. Founded in northern Illinois in 2005, we have been proudly improving the bottom-line on behalf of our business partners in and around Chicagoland for over 13 years.