Every year our shred-a-thon is more and more successful. We have been able to help countless Central Floridians free up space in their homes. While purging those old papers feels great, there are some items you should think about before you shred.
Personal papers: These documents—including birth certificates, social security cards, marriage licenses, divorce decrees, and military records—are used in different ways to verify your identity and are required to receive a driver’s license and passport. The originals should be kept forever in a secure location. If you are required to show these documents, usually a copy is sufficient.
Loan records: From mortgages to student and car loans, loan records should be kept indefinitely as proof that your loan is paid off. Keeping proof of loan payoff is important in the event that there is an issue with the records of a creditor—a cause for concern given that financial service entities frequently sell loans to loan servicing firms.
Insurance documents: Retain for up to six years after the policy has been canceled, which will protect you from any issues that may arise down the road concerning a claim.
Don’t let the cleaning bug bite you, be careful before you shred.