It is recommended that you should check your credit report regularly, especially if you know you are wanting to apply for credit in the future (such as an upcoming mortgage application or car finance for example).
This is because your lenders are constantly providing updates to your credit report and your credit score is being updated on a daily basis.
Checking your credit report is recommended as it can provide you with a good opportunity to update any incorrect information that could have an impact on applications for credit products. It can also be an important indicator of any fraudulent activity, if you see any accounts or hard searches that you don’t recognise, you should contact the lender as soon as you can.
Your TotallyMoney credit report is provided by TransUnion, however, this is not the only credit report you have. Experian and Equifax also provide their own credit report so you may want to also check these credit reports for incorrect information too as lenders can check your credit report provided by any or all of the three main credit reference agencies.