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It's important to view your credit reports at least once a year. Under FCRA laws, you are allowed to request your credit reports from Equifax, Experian and TransUnion once every 12 months. In addition to these free reports, it is also good practice to check your credit reports and credit score every 3-6 months and before a major purchase. Checking your credit reports before a home or car purchase helps you spot potential dangers and improve your negotiation powers.