Best answer from question by K.C.:
Answer by skpd
If everything looks good there is no reason to keep it after reviewing it.
If you insist on keeping it there is no reason whatsoever to store it for more than one year. You get a new updated one free every year at :
https://www.annualcreditreport.com/cra/index.jsp
Keeping copies laying around increases your risk of identity theft. Shred them !
Knowledge is Power ! visit :http://www.creditboards.com
once you check it and if every thing is accurate shred it. If not once cleared then shred it the less crap with personal information you have laying around the better
If nothing has changed, there is really no reason to keep old ones.
Just one example…..someone pulled a recent credit report and it showed a negative item with a “date of delinquency” only a couple years old. The credit report pulled three years prior had the same debt, but with a different delinquency date.
That old report was the basis of a lawsuit against the collection agency.
I’m an advocate of keeping all of my old financial records, bills and receipts. Just recently it got me a few hundred dollars in overpaid telephone excise taxes, because I had my old telephone bills for the past several years.
Get a notebook, keep all of your past credit reports in it. Put all your old bills for that year in a box and stuff them in the attic. You just never know when they will come in handy.
KC, Keep all your credit correspondence for (7) years. This is required by law. Even bad credit should be taken off your credit report after 7 years. Of course you have to get a lawyer to do it. Always keep your all important papers in a safe place for back reference. JK