How Often Should You Read Your Credit Report?


Quick Answer

Individuals should read their credit report at least once a year, according to Consumer Financial Protection Bureau. Checking a credit score at least once a year allows an individual to check for accuracy to ensure there are no errors and no fraud has been committed.

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Full Answer

Having up-to-date and error-free credit information is essential for receiving the best available loans and a good credit rating, the Consumer Financial Protection Bureau reports. Additionally, an individual should check his credit score before making major changes such as purchasing a house and applying for a new job. If there are any discrepancies in a credit report, they can be disputed or changes made beforehand to maximize opportunities. If an individual checks his own credit report, it does not negatively impact his credit score.

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