There are lots of good reasons why you should check your credit report on a regular basis. Every time you apply for a loan, credit card, or make any sort of application for extended payment a credit check will be run against a profile held with the major credit agencies. This profile will have a numerical score which reflects your credit-worthiness as a lending risk. The higher your score, the more likely you are to be accepted, however this can be lowered by various factors, some of which may even be mistakes made by the credit agencies. Unless you obtain a copy of your report and check it, you may face the embarrassment an inconvenience of being refused credit.