Final answer:
Credit experts advise reviewing your credit reports annually to spot potential identity theft and understand how your financial data is used.
Step-by-step explanation:
Credit experts recommend that you check the status of your credit reports at least once a year. By doing so, you can monitor your credit history for red flags that indicate your identity may have been compromised. It is also important to provide only the minimum information requested by any source, ask why information is being collected, how it is going to be used, and who will have access to it. This vigilance helps protect your financial health and personal information.