One can get a free credit report from each of 3 agencies (TransUnion, Experian, Equifax) once a year. It is advisable to get a credit report at least once a year, but one could also spread out the free reports and go through one agency every 4-6 months.
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Normally, banks such as capital one report to credit bureaus every thirty days or every month. Also, when they make their report, all information should be complete and correct.
The credit bureaus are legally required to give you a copy of your credit report on request (there's a limit on how often you can ask for it, but if you've never asked for one you should be okay there).
There are several free credit report websites that you can access to obtain a free credit report. Legally, all U.S. citizens are entitled to one free credit report per year.
Creditors may report any time there is activity on your account, if a credit report is pulled [for a credit application] or if payments are made late. Capital One may report every month whereas a smaller department store card may not report at all. It solely depends on the creditor on how often the credit report is updated.
One should check their credit report on a regular basis to help avoid issues with identity theft. In addition, it is the only way to adequately protect and improve a credit rating.