Knowing one's FICO score allows monitoring and addressing any issues that appear before they become a surprise with a loan application, notes National Debt Relief. In some cases, credit reports receive erroneous information, which the consumer can then correct.
When identity thieves open up lines of credit in a consumer's name, often the only way the consumer finds out is when negative items from those accounts show up on his credit report. At that point, the consumer has the right to ask the credit bureaus to investigate the report and indicate that the accounts are the result of identity theft. In other cases, credit bureaus simply report incorrect data. When the consumer requests a review, the credit bureaus investigate the accounts and either correct the information or forward confirmation on to the consumer, reports National Debt Relief.