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There are many factors to consider when you want to know how long should you keep credit-card statements. Keep them for good reasons, of course. It can be a good idea to keep records of your spending and your monthly statements so you know what you have spent money on and whether it was unnecessary. But what if you get pulled over and the officer wants to pull your credit report too?

You may think that keeping your credit card statements indefinitely is not a good idea because it will just confuse the bank. They will lose all knowledge of how much money you have spent in unsecured debt. If you do this, you could end up getting a large fine imposed by the bank. If they pull your report, you may be in for an even worse financial ordeal.

So how long should you keep credit-card statements? It really depends on what kind of statement it is and how easy it is to maintain. If it is a statement that simply lists out your monthly payments, keep them for six months at the very least. This will let the bank know how much money you have actually paid to others. The longer you hold this information, the longer they will have to monitor your spending and you will probably receive some of their unsolicited calls as well.

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In some cases, you can also be accused of fraud or identity theft. This can lead to even more trouble. Bankruptcy is an option if you find yourself in a situation where you cannot keep your credit card information private. Make sure that you contact the three credit reporting agencies and inform them of any changes or fraudulent activity that has occurred. They can then investigate the issue and get back to you within a few business days.

The next question you need to ask yourself is, “How long should you keep credit card information safe?” The safest place for it is with a reputable and secure credit counseling agency. Most of these agencies are required to get a court's permission to keep your credit confidential. This means they cannot share it with anyone else. They must abide by this law if they want to keep your information safe.

Your best bet when wondering how long should you keep credit card information is to keep it off the internet. There are far too many websites that share your information with other companies and not just legitimate ones. Any company can make an online account and use it to issue credit. You will need to sign up separately for each account that you wish to open and keep your own information separate from others. This way you can be sure that your financial future is secure.

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