It is important to check your credit report each year. This allows you to catch things like identity theft and to manage your credit responsibly. You should do this on a regular basis because it can take time to correct mistakes, and you do not want to find out about errors when you need to borrow money. You can check your credit reports for free.
I like to rotate between credit reports so I can check one every four months. However, you can check them all at once, once a year. If you do have an error on your credit report you will need to take the steps to fix it now. You will need to contact the bank that made the error and request that they review the report. If there are accounts you did not authorize you will need to file a police report and deal with identity theft to solve the problem. Take the time this weekend to complete this important challenge.