Free credit report is an important tool to review your credit.  Time to time each individual in USA should take time out to check his/her credit report to make sure that there is nothing negative on it.  

In one of the most advanced countries of the world, law makers have made it very easier to do identity theft and there is whole business of multimillion dollars around credit report.  We as a consumer do not have choice to limit the information going to credit report.   They have all the information about your bank accounts, your credit card accounts, your loans and mortgages.
According to some citizens this is direct invasion of privacy but who cares if it makes few well placed people a whole lots of money.

In any case because we are all poor mortals we have to deal with it and make sure it remains good.  When you plan to buy high ticket item on credit, the lender will check your credit worthiness by reviewing your credit report.  Also if you plan to buy house, for your mortgage, first thing your lender would need is your credit report.  Your mortgage interest rate will be determined by your credit score.

So please make sure you review your credit report which is available from 3 different agencies free once per year.  You can avail it more than once for free if you have been denied credit.  

Closely review your credit report and if there is some negative items on the credit report, carefully check it out and if necessary dispute it.

Disputing negative items on credit report is again very tedious process and requires another chapter by itself.