What paperwork do I really need to keep?

What paperwork do I really need to keep?

Important documents to keep safe and how to do itWills. Your Will is perhaps your most important legal document – if you have one. Insurance policies. Mortgage documents and property bills. Passport and travel documents. Banking information. Tax returns. Passwords. Storing your valuable documents: what are the options?

How many years of bills should you keep?

A good rule of thumb is to keep any bills that you may want to review at a later date for 12 – 24 months.

Should I shred utility bills?

Most experts suggest that you can shred many other documents sooner than seven years. After paying credit card or utility bills, shred them immediately. After one year, shred bank statements, pay stubs, and medical bills (unless you have an unresolved insurance dispute).

Is it safe to throw away bank statements?

You may be ready to throw them out, but you’re not sure how. Is it safe to throw away old bank statements, or do you need to shred them first? According to the Federal Trade Commission, you should shred documents containing sensitive information, including bank statements, to protect yourself from identity theft.

How do I get my bank statements older than 7 years?

You need to contact the bank and ask. Banks do keep records typically going back 7 years, though bank policies vary.. Twenty years back would be unusual. Statements are kept digitally or on microfilm or microfiche, with the latter forms taking longer to retrieve.

How far back can you request bank statements?

How far back do lenders check bank statements? Most lenders will require two to three months of bank statements, as well as the transaction histories from that period. Generally, lenders will ask for bank statements no older than 60 days to support your mortgage application.

How long does a bank keep records?

five years