If your machine is anything like mine every so often it has a tantrum. The stitches will start skipping, or the thread keeps breaking, or the bobbin thread starts looping... you name it, my machine has done it!
Its mostly because I'm always using different fabrics and threads which mucks everything up after a while of sewing. But its also because my machine is about 60 years old! I guess after all those years its getting a little tired and saggy. A bit like a guitar with old strings - it still plays a lovely melody, but you have to keep tuning it every 10 mins to keep it sounding good. :)
Every couple of months when I give my machine a clean and oil I'll also perform a tension reset. But on the odd occassion I start getting sewing problems I do a reset to help eliminate issues. Most sewing problems can be solved with a new needle and tension adjustment.
So, if your stitches a looping on the back, or the top seems too tight, or you are skipping stitches here are the steps to getting perfect tension settings: