Your 3 credit reports play a crucial role in your financial status that can affect your quality of life.
You can hardly get a home loan approved if you do not regularly monitor your credit report; that is why it is very important to know its value and role in your life because it can greatly affect you and your family's way of living.
Your 3 credit rating and score reports show your credit history which forms the basis for your credit worthiness.
This will be further used by financial institutions in any event that you will apply for any types of loan in the future.
It may also be used by your prospective employers in the event that you will apply for another job in the future.
Hence, it is very important to create a clean and good credit background as shown in your credit report in order to get higher credit score which could greatly help you in many ways for whatever purposes it may serve in the future.
Another reason why you should always check the 3 credit reports is because of the rampant cases of identity theft and inaccuracies in your reports which affected a lot of people; this resulted to unfavorable situations like unable to get a home loan or a car loan even if you are a good payer.
  Hence, it is very important to always request your credit rating reports every year in order to check the accuracy of all entries.
The 3 reports are free documents sent to you upon request every year.
There may be various reporting agencies around, but the three major reporting bureaus offer more credible and reliable credit valuation which could help you monitor and improve your credit score.
These three main reporting agencies are the TransUnion, Experian, and Equifax.
Therefore, every time that you request for your free credit report, you shall receive your individual credit scoring from the three main reporting bureaus.
And the records contained in the 3 credit reports may determine your future financial status; as well as your standard of living.