The sad truth to that question is the answer is YES. The agencies that gather and collect the credit information is simply reporting what was given to them. And believe it or not they make mistakes. Both sides make mistakes, but you could have to pay a lot of money as a result of somebody else making an error.
You have to remember that there are certain factors that can affect your scores negatively. Even if you pay for your bills regularly, there might be some inaccurate data that may make its way in the report and therefore, affect your credit score.
In fact, one study demonstrated that 79 percent of the credit reports can contain some errors. And, by obtaining a copy of your credit score, you will be able to check whether there are inaccurate data included in your credit talley. This is also a great way to determine if you are becoming a victim of identity theft or credit fraud. Someone may request for your credit where information here can be used to commit such identity theft or credit fraud.
By obtaining a copy of your score, you will be able to know who requested and viewed your account.
Once every 12 months, you will be able to get a copy of your credit report from the three credit reporting companies for free.
These are the things that you have to remember on why it is important for you to check your credit report. Just request for it from the credit reporting companies, and you will be provided with your credit report.