Consider all the Contracts in your home or business. As we are rounding the corner of the first decade in the 21st century, the term Identity Theft has unfortunately, become a household name. Thieves are finding new ways to use and abuse stolen account data, often creating nightmares for their victims, who must spend countless hours repairing the damage.
While identity thieves have expanded their repertoire to include medical statement, pay stubs, and even school statement, financial data is still the most coveted and sought out data by identity thieves. Account data includes your credit card receipts or statement, bank statement, tax related documents, as well as retirement/IRA and brokerage statement and house statement (such as mortgage and property tax statement). Even in this technological age, it seems we are still swimming in paperwork, and eventually it must be tossed. Knowing what to toss and when can be tricky for most consumers.
Generally, financial experts advise to keep credit utility and other household bills only until you receive the cancelled check. Credit card statement should be kept longer - about seven years (though receipts only need to be kept until your monthly statement comes and is reconciled). It is advised to keep paycheck stubs only until your end of year tax statement come, and bank statement can also be tossed after one year. Other account paperwork, such as IRA, retirement statement, and house statement (deeds, titles, etc) should be kept permanently.
So what is a conscientious consumer to do with all of those old account statement containing such dangerously identifying data?
Shredding your old account statement is an excellent way to protect yourself from identity theft. One of the most popular ways for identity thieves to get your personal information is through "Dumpster Diving", in which crooks rummage through trash bins looking for papers with personal information on it. By shredding your old financial statement with a good quality shredder, you are completely eliminating the threat of dumpster divers. Take advantage of free community shredding days or schedule our shredding truck to come to your home. It is secure, on-site, eliminates the worry and the hassle.
Small businesses and corporations typically produce a large volume of paperwork with sensitive data, and professional shredding companies are becoming more and more popular. A professional shredding service allows the business owner to easily and safely get rid of their unneeded account paperwork, and the service is usually very cost efficient.
There is no doubt that identity thieves are here to stay. The good news is you do have ways to protect yourself. Being diligent with where and how you get rid of your account statement is one excellent way to keep your identity safe.
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Please call EZ Shredding Solutions, 480.633.6363, today to arrange a time for us to come and shred your important confidential papers for you. We want your business today and will treat you right so that you will call us again for your future shredding and document destruction needs.
If it's important to your business or personal life, it's important to be shredded.
EZ Shredding Solutions, LLC is an on-site paper document shredding and destruction company serving the greater Phoenix, Arizona area.