One of the best ways you can defend yourself against identity theft or other forms of fraud is to shred important
documents when you don’t need them anymore. But, what is considered an important document? The following is
what we recommend you shred:
You don’t need them after you have compared them with your online account or paper statement.
The IRS states that you should keep your tax returns for approximately three years. After that, it is recommended you
shred them because of the personal and financial information on them.
Monthly Account Statements.
Regardless of the account type, any type of monthly financial statement you receive should be shredded after three years.
If you have an expired credit or debit card, be sure to shred it. You should never just throw it away.
You really should only keep your latest paycheck stubs if you are applying for a mortgage loan. Otherwise, you can shred
the ones you don’t need.
Insurance Policies, Claims and Payment Information.
Anything about your insurance policy should be kept as long as you have your policy. You should speak to your broker to
see how long you should keep claims and payment information. Anything you do not need to keep should be shredded.
Anything that has to do with a mortgage loan, auto loan or other type of loan that includes your loan number, address,
Social Security Number or other personal financial information should be shredded when you do not need it any longer.
The best rule of thumb to follow: if there is personal financial information on the document or form, you should shred it.
If you don’t have a shredder at home, there are local mail outlets that will shred your documents for a nominal fee.