Get a better understanding of how credit cards work, including how to manage credit cards, in this free lesson.

Reviewing a credit report

man and woman reviewing a credit report

Periodically review your credit report for errors or omissions, especially if you are considering a major purchase such as a car or home. You should also review your credit report for signs of possible credit fraud or identity theft. By closely monitoring your credit report, you may be able to stop any criminal activity in its early stages.