How often should I get a copy of my credit file?

Before you apply for a credit card or loan, you should review a copy of your credit report from each of the three major bureaus to avoid any surprises.

A copy of your credit report from each bureau generally costs $9-$15. Some states, including California and Connecticut, cap the fee slightly lower. Many financial experts suggest you review your credit at least once a year. That means you can review all three major credit reports for less than $50.

In addition, credit bureaus and other credit-report services sell annual subscriptions, often in the $50 to $100 range, that keep you informed of any and all activities to your credit report.

If you are denied credit, you will certainly want to take a closer look at your credit report to spot any errors or see if there are any omissions.