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Regular checks of your credit data enables you to find mistakes in your credit report that can prevent you from borrowing in the future.
Sometimes creditors send inaccurate information to the credit reporting agencies. Or the credit reporting agencies themselves make mistakes, like mixing your information with someone else's who might lack your good credit history.
Banks, credit card companies and other lenders aren't going to know that there are mistakes in your report. Only you can find them by checking all three of your credit reports and credit scores every 3-6 months.