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Why would I need to keep a credit card statement once it's paid?

13 replies

Nessalina · 21/02/2014 17:25

I am a serious hoarder of documents, I have several files full, and I'm having a sort out. I'm keeping enough bank/savings statements so that I have the last full tax year, but is there any reason I actually need to keep a paid credit card bill?!

OP posts:
WallyBantersJunkBox · 21/02/2014 17:27

Just in case a Credit scoring company has the wrong info, and you are shown as missing a payment?

Am clutching the proverbials here, but I usually keep the last 12 months myself.

ShadowOfTheDay · 21/02/2014 17:28

if I buy a large item I keep the statement as proof I paid for it on a credit card, and of the date for warranty purposes (sometimes the receipts fade to nothing)... Same if I pay for a holiday in advance - keep it til the holiday is done... apart from that I don't keep them....

SanityClause · 21/02/2014 17:29

If you are self employed, you need to keep more than if you are not. Details are on the HMRC website.

NoArmaniNoPunani · 21/02/2014 17:29

If you needed to access the statement couldn't you do so online?

HindsightisaMarvellousThing · 21/02/2014 17:33

I used to keep mine and they proved very useful when dealing with an insurance company after a car fire. We had to prove we'd owned things we were claiming for, and the credit card statements worked a treat.

As they're available online now, I don't bother any more.

Nessalina · 21/02/2014 17:33

I'm not registered online with my credit cards....
Good idea to check the HMRC site, I'm not self employed, so I think I may be being a little OTT Grin

OP posts:
Notify · 21/02/2014 17:33

I keep everything for 6 years, which is the statute of limitations, so no-one can take you to court for anything unpaid after that date.

I keep them so I can prove I've paid for things if necessary, insurance, a pair of shoes that brakes, or a holiday etc ? Can't say I've often had to use them that way but there has been the odd occasion.

Nessalina · 21/02/2014 17:39

Right, the revenue doesn't want 'em, so looks like unless there's something on them that I need to use as proof of purchase, I can bin 'em. Result!

OP posts:
TalkinPeace · 21/02/2014 17:59

I keep them in case I ever need to prove what was bought when.
I'm self employed so keep everything for 7 years
bank statements I keep forever
credit card statements for 15 years
P60's for ever

Nessalina · 21/02/2014 21:04

Wow Talkin - how big is your house! Wink

OP posts:
TalkinPeace · 21/02/2014 21:30

I have a 15 inch thick layer of loft insulation, otherwise known as paperwork.
When we had to empty most of the house for building work it was over 100 transfer files.

alemci · 21/02/2014 22:47

I keep mine for ages too.

YouAreTalkingRubbish · 21/02/2014 23:50

I keep mine for a couple of years. More to prove I have paid for things if I loose receipts rather than proving I have paid my credit card bill.

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