Regularly reviewing your credit report is crucial, akin to monitoring your health, to avoid unexpected issues when seeking loans or facing emergencies. Problems like incorrect late payments, unclosed accounts, or fraudulent loans often develop unnoticed, impacting how lenders perceive you over time. Proactive monitoring helps detect and address these silent credit score erosions and potential data misuse, such as identity theft or unauthorized accounts, before they cause significant financial distress or loan rejections.