By monitoring your personal credit report, you'll stay informed about your current credit status. You'll know which businesses and credit grantors have requested to view your credit report, which new accounts have been activated in your name, and whether or not derogatory information has been added. By checking your credit report, you can discover possible inaccuracies in your credit history. Correcting inaccuracies ensures that your credit report is current and correct, which in turn helps speed the processing of your credit requests. Many financial experts agree that you should check your credit report at least once a month.
Creditors generally send updates to the credit bureaus once every month.
Therefore, your account information should be updated once a month as well. If you are expecting an important change in one or more of your accounts, or if you are closely monitoring your credit history, you may want to check your credit report more often. All creditors do not send updates to the bureaus on the same day. The credit bureaus are constantly receiving updates. There is no easy way to tell exactly when a creditor will send new information to the bureaus, or when the bureaus will update their databases.