It is very important to check your credit reports on a regular basis to make sure everything is accurate!
Why? Because, based largely on the information in your credit report, and the resulting credit score you achieve, lenders determine whether they'll extend you credit, and how much interest you'll pay for virtually everything you finance. It can also affect your insurance rates, or whether you're hired for a job.
Over your lifetime, the amount of money your credit can cost you, or save you, is quite substantial. So, it pays to check and monitor your credit report regularly, and know the steps to take if you believe that it contains information that may be inaccurate. Monitoring your credit can also be a 'first line of defense' against identity theft.
It is each of the credit bureaus desire that your credit report be as accurate as possible. To assist in the dispute process, all three credit bureaus now provide a free online dispute process for fastest resolution.
Should you discover information you believe to be inaccurate, you can contact each one of the credit bureaus online to file an online dispute form.