Did you know every two seconds another American becomes victim of identity fraud?
Simply Money Financial Advisors offers these tips for identity protection in a world with increasing exposure to security breaches.
-Shred documents containing personal information to minimize exposure to ID theft and fraud.
-Keep bank, credit card statements, and medical bill paperwork for at least one year after payment, in case of disputes or discrepancies. Tax documents should be stored for at least seven years.
Simply Money says the following documents should always be shredded to protect personal information.
And to cut down on clutter, opt for paperless billing. Check online statements regularly for errors and fraud. For more Simply Money tips, visit simplymoney.net.
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