Credit to Dave Ramsey @ DaveRamsey.com

You know you should get a copy of your credit report every year and check it over for any inaccuracies.

But do you actually do it?

Most people don't because they're confused by all the numbers and terms. Once you've learned what all that information means, you'll have no trouble reading your credit report. And since 79% of all credit reports contain some kind of error, it's important that you not only get an annual copy of your credit report, but that you check it over to make sure everything is correct.

Obtain a copy of your credit report from the three major credit-reporting agencies: Experian, TransUnion and Equifax. You are allowed one free copy every year from each of the agencies. The reports are not automatically mailed to you; you must ask for them.

There are four parts to any credit report:

1. Identifying Information
This section lists your name, address, Social Security number, date of birth and other information used to identify you. Read through the information carefully. It isn't uncommon to find your name misspelled or the wrong address listed.

2. Credit History
The bulk of the report is in this section. It's a list of your open and paid credit accounts. It also shows any late payments on your part. Things like total loan amount, high credit limit and how well you've paid the account are included as well. Read and re-read this section to make sure all information is correct. If you've closed a credit card account, double check to see if it's noted. Thirty percent of credit reports contain credit accounts that were closed by the consumer but are still listed as open on the report.

3. Public Records
You want this part to be blank. Financial activity like bankruptcy, tax liens and judgments are listed here. Everything given is public record, and you want to keep this section as clean as possible. It's not about saving your credit score; it's about saving your financial life. The smarter you are with money decisions, the better financial life you will have.

4. Inquiries
Everyone who has asked to see your credit report will be listed in this section. If anyone checks out your report, a detailed inquiry will be posted. This is extremely beneficial for you as the consumer. The inquiries are in two sections soft and hard. Soft inquiries are from companies who want to send you promotional materials or from current creditors who are checking your account. Hard inquiries are made when you fill out a credit card application.

Visit annualcreditreport.com or call 877.322.8228 to order your free annual credit report. Remember to obtain your report either through that website or phone number. If you order it directly from the agency or any "free" report scam sites, you will be charged a fee.

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I can testify that I have used annualcreditreport.com for years.. They do not ask for Credit card information.

You can get all 3 once per year. If you want it more than that you can do that too..you just pay their minimal fee.

I have found errors every single time!

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Yes, we have found errors on ALL three credit reports, different errors on each.

Co-Forum Leader for the Welcome Center and Squeeze Back

I've done mine in the past several months - errors here too. I've been pestering DH like crazy to check his and fix anything wrong on it. We'll be buying a new home for sure within the next 6-9 mos and I don't want any surprises!

Do you guys get all three reports at once? I thougth you were to only ask for one and wait three months than ask for another? Is this wrong?

You can get all three. I just tried this myself. You just have to keep returning to the original page.

I get mine every 4 months and rotate my husband's that way too. That way I am checking every other month. We also belong to Zander- which Dave Ramsey recommends. My dh had his identity stolen a couple of years ago. We caught it before there was damage. We had some mistakes when they tried to steal his identity but now we don't have any. This is a very good idea to do- I try to get my kids to do it but..... They don't seem to know the importance of it. One child has very bad credit! Choices we make do have an affect on us later!!! They just don't care and only live for now- Can't believe they are mine- I might also add the bank of mom and dad closed too