A credit file is a record of your borrowing and repayment history. It includes information about your credit accounts, such as credit cards, loans, and mortgages. Lenders use your credit file to assess your creditworthiness and determine whether to approve your loan applications. Checking your credit file regularly is important because it allows you to monitor your credit activity and identify any errors or suspicious activity.
There are several ways to check your credit file. You can request a free copy of your credit report from each of the three major credit bureaus: Equifax, Experian, and TransUnion. You can also purchase a copy of your credit report from a credit reporting agency or use a credit monitoring service.