You should always get a copy of your annual credit report and there are many reasons why. Have you been turned down for a loan or some other type of financing? There is also a threat of identity theft and checking your credit can help you prevent this. Here are a few reasons why you need your annual credit report and how to get it.
First, you need your credit report at the very minimum of once a year to make sure everything is accurate. Your credit could be suffering because you have a creditor that has not reported your debt correctly or for many other reasons. If this is the case you can dispute it and make that mistake go away. This could up your credit score by quite a bit depending on the mistake and help you get approved for financing.
Second, you have to have your credit report so that you know whether or not someone has stolen your identity. If they have you could have many debts that are not really yours that you will be responsible for if you do not get it taken care of. There have even been some extreme cases that someone has ended up with warrants out for their arrest because they had their identity stolen.
Last, you get your annual credit report once a year for free anyway so why not take a look and know what your situation is. You can write any of the three credit bureaus (Experian, Equifax, or Trans Union) to get your credit report. You can also get it online at many different website. If you are ever turned down for financing the letter they send you to tell you that you were turned down will also allow you to get your credit report for free.