There have been a number of cases where there has been an identity theft and to be on the safer side it is always advisable to check your credit report. It is also a way to find out if there have been any errors in the credit report so that you can disagree with the report. The responsibility lies on the creditor to prove that you owe him a debt in case of disagreement.
To prove that you indeed have a debt the creditors are given a time period of one and a half months. If the creditors are unable to prove it within the stipulated time period then the negative marking is deleted from your profile as per the credit laws.
Yet another benefit of getting a credit report is that many a times there are items that turn up in the report for which you have done the payment and it has not been eliminated from your profile thus giving your profile a bad credit thus it becomes important that you get a free credit report annually.
