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Going Paperless

thebigun
thebigun Posts: 13 Forumite
Part of the Furniture First Post Combo Breaker
in Mortgages & endowments
Apologies for what might seem a bizarre question - and not really related to saving money - unless I have to pay for copy statements!

I'm going paperless, and archiving my old mortgage statements - does anyone know any reason why I should keep the paper originals rather than just the created pdf's?

Thanks ... and apologies if this is not an appropriate use of the forum!

Comments

  • dunstonh
    dunstonh Posts: 121,111 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    does anyone know any reason why I should keep the paper originals rather than just the created pdf's?

    None. I have been paperless for over a decade on personal and business. Never an issue.

    Only thing I would recommend is a cloud based backup solution just in case hard drive fails or you get a total loss in the house. Personally, i use Crashplan but there are others
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • thebigun
    thebigun Posts: 13 Forumite
    Part of the Furniture First Post Combo Breaker
    That's reassuring to know dunstonh - thanks! I'm using Evernote because I can search my archives - not sure if crashplan does that too, but also use dropbox for some documents. Each to their own I suppose :-)
    Thanks again.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    It may no apply in this case however,

    the drawback of going paperless for everything, is that the very same institutions that encourage you to go paperless are just the same ones that insist on original documents when you apply to them for their products.
  • BJV
    BJV Posts: 2,535 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    dunstonh wrote: »
    None. I have been paperless for over a decade on personal and business. Never an issue.

    Only thing I would recommend is a cloud based backup solution just in case hard drive fails or you get a total loss in the house. Personally, i use Crashplan but there are others

    Totally agree, saves paper, the environment and storage. I am bit little bit of a worrier so i back them up on keys/sticks independent of my hard drive as well
    Happiness, Health and Wealth in that order please!:A
  • AnneLouise_3
    AnneLouise_3 Posts: 1 Newbie
    Hi,

    I was just looking through the forums and noticed you were looking at going paperless.

    ecukl.com

    we offer a scanning service and online hosted service for all your paper documents. We call it an 'online filing cabinet'.

    Hope this helps :)
  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Just bare in mind that if applying for a mortgage etc, you may need to produce statements, normally just one month, but occasionally 6 months, they may not accept scanned copies unless they have been certiified, so might be worth just keeping for 6 months before shredding?
    I am a mortgage adviser.
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • larrypike
    larrypike Posts: 3 Newbie
    I would have to agree with dunstonh,

    there is no point in keeping all of the hard copies if you have them now saved as digital, but if you do not have them backed up it would be a good idea to hold onto them.

    regards,

    Larry
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