(NC) Anyone who has used a credit card, owns a cell phone with a major carrier, pays bills, or has taken out a loan has a credit report. But do you know what’s in your file?

Your credit report contains information you should know about. If you have poor credit history, it could be harder to get a credit card or loan. You might have to pay more to borrow money. Your credit history can also be used by employers and landlords to check your reliability.

Your credit report could also contain mistakes or reveal signs of identity theft. A recent survey by Equifax Canada shows that 53 per cent of Canadians have been a victim of financial fraud.

Just as you change snow tires each year, it’s a good idea to check your credit report annually, according to the Financial Consumer Agency of Canada. “It’s really important to protect your money against fraud,” advises Jane Rooney, Canada’s financial literacy leader. “Check your credit report regularly to make sure no one has taken out a new form of credit in your name.”

You can get your credit report for free. Check out the FCAC’s website, itpaystoknow.gc.ca, for resources to help you understand your credit report, correct errors, and order your credit report and score.