Free credit reports are the best way to get the complete history or track of your financial transactions. They give you a chance to know what is there in your report. They also give you a chance to make the mistakes proper or fix up the problems. Free credit reports can reveal all that you want right from your credit, debits, public records, financial problems etc. Thus you always get room from improvement and find out if there is anything that is doubtful. It gives you a cover from identity thefts as you can always find out if something fishy is happening.