It is necessary to check your credit report regularly.
TransUnion, Experian and Equifax are thee credit reporting agencies. You can check your credit report for free from each of these agencies once a year – it’s required by federal law that these agencies will provide your credit report free once a year. Ideally you should check your credit report every four months – once a year from each credit reporting agency. Remember that you don’t have to pay for this. It can be done via https://www.annualcreditreport.com/
Why should I check my credit report?
Credit report contains your payment history and all credit related information. When you apply for a loan, based on your credit report lender approves or declines your application. It will also play significant part in deciding rate at which lender is going to lend you money.
Make sure that you check every detail and report any discrepancy in it.