You are encouraged by the Federal Trade Commission to be sure the information on your credit reports is accurate, complete, and up to date at least once a year.  It is an important part of your financial life that can determine whether you get credit, the terms of the credit and how much it will cost. In addition to borrowing money, good credit could affect premiums on insurance, employers' hiring decisions, ability to rent a home. Checking your credit history and credit scores: Helps you better understand your current credit position. Makes you aware of what lenders may see. Protects you from inaccurate or incomplete information. Recognize identity theft. Free annual credit reports ca…