It is very important to check your credit report at least once or even twice per year to make sure that the information in it is accurate. Credit reports are used to make decisions concerning basic credit matters such as charge cards and accounts, and more life intensive ones such as mortgages, employment opportunities, and what type rate of insurance and rates you are able to obtain.

It is unpleasant, to say the least, to plan for a purchase such as a car, home, or even simply to shop for a better rate on a credit card only to find out that there is an error in your report that stops you from getting it. Only by monitoring your credit can you be sure that all your information is accurate and up to date.