CHICAGO, IL – For the 15th year in a row, identity theft was at the top of the national ranking of consumer complaints for the Federal Trade Commission.
The Better Business Bureau serving Chicago and Northern Illinois, in conjunction with various government agencies, invites consumers and businesses to protect their identities by shredding unwanted personal, financial or confidential documents FREE at the annual “Shred It and Forget It” Shredder Day at the United Center 1901 W. Madison St. Lot A in Chicago from 9AM-1PM on June 27th. Gates close at 12:45pm.Â Free electronics recycling will also be available.
Hosts of the annual event include the BBB along with the City of Chicago, Chicago Police Department, FTC, Illinois Attorney General’s Office, and United States Postal Inspection Service. The Shred Day media sponsor is WBBM Newsradio 780AM & 105.9FM. Shredding and recycling services will be provided by Accurate Document Destruction, Beaver Shredding Inc., Chicago Shred Authority, Paper Tiger Shredding, PROSHRED and Vintage Tech Recyclers.
As of January 1, 2012 the Electronic Products Recycling & Reuse Act requires people to recycleÂ their electronic devices including televisions, monitors, printers and computers, rather than allow them to be disposed of in a landfill.
Below are some suggestions for deciding how long to keep personal financial information:
- A good rule of thumb is to keep all tax returns and supporting documentation for seven years. The IRS has three years from your tax-filing date to audit, and has six years to challenge a claim.
- Keep credit card statements for seven years if tax related expenses are documented.
- Keep paycheck stubs for one year. Be sure to cross reference the paycheck stub to the W-2Â form.
- Be sure to keep bank statements and canceled checks for at least one year.
- Bills should be kept for one year or until the canceled check has been returned. Receipts for large ticket items should be kept for insurance purposes.
- Home improvement receipts should be kept for six years or permanently.
- Items such as birth certificates, social security cards, insurance policies, titles or wills should be kept permanently in a safety deposit box.
- If you are going to dispose of documents with sensitive information, be sure to SHRED!
More information about the “Shred It and Forget It” Shredder Day event can be found at www.chicagoshreds.com