Credit reports are used to asses if one is credit worthy. At one time the only one that checked credit reports was banks and finance companies. Today everyone from insurance companies to your landlord may check your credit record. This is why it is so important that you know what is on your credit report.
It is only good common sense to know what your credit record says about you. Keeping watch over your record makes sure no one gets your information and goes out and buys a new house with it. Also if you are going to finance a car you will need to know how good your credit is so you can negotiate prices and finance charges.
Your credit report will have a number on it also. This is your credit score. This will be the first thing that most companies will check to determine if they want to do business with you. The higher you score the better you will be treated at the company that you are doing business with.
You want to also check your credit periodically to make sure that no one gets your information and uses it for their benefit. You will be surprise how many people pull there record to find out they have charges for credit cards that they never had. If this happens you will need to take care of it as soon as you can. The longer you wait the harder it will be to get it taken care of.
If you are worried that pulling your own credit will lower you score, do not be. It is actually a good thing to check your credit at least once a year. This way nothing will be put on your record with out your knowledge. The credit system is not perfect and does make mistakes. So make sure you keep an eye on your credit.
There is nothing hard about getting a copy of your credit record. Just run down to your local credit bureau fill out a form and you will receive a copy. You may have to pay a little to get a copy. But it will be well worth the price to know that your credit is in good standing.
If you can get online you can check your credit. A simple search will lead you to sites that will pull you credit for you. All you have to do is give some information and your credit record will be right there before you eyes. Some site will do it as a free service. Especially if it is a site dedicated to guarding your credit.
I can not stress enough how important it is to keep an eye on your credit. Most companies that will be taking monthly installments will pull your credit. They are not allowed to let you know what is on your credit. They just tell you weather you are accepted or denied. So make sure you are always aware of what is on your credit record.