New York, NY (PRWEB) February 16, 2013
RoadFish.com men’s lifestyle and finance magazine today issued their observations on a recent study that revealed errors on up to 40 million Americans’ credit reports, and urged consumers not only to check their credit reports each year, but to check their facts. Emerging data from the Consumer Data Industry Association (CDIA) has shown that nearly 98% of credit reports are accurate, which is conflicting to the recent study that is in the spotlight. RoadFish.com encouraged consumers to take advantage of their ability to access a freecreditscore from each of the three credit bureaus once per year and to make reviewing their credit report a good habit year to year.
In a recent press release, the Consumer Data Industry Association (CDIA) stated that the study has many holes and inaccuracies. CDIA President and CEO, Stuart Pratt, is quoted as saying in the press release, “The promotion released yesterday for a ‘60 Minutes’ story airing this coming Sunday, February 10, demonstrates that ‘60 Minutes’ has selectively interpreted an upcoming…study to ignore the most significant results. The…study shows that 98% of credit reports are materially accurate, a fact it appears ‘60 Minutes’ is set to ignore.”
RoadFish.com hopes that whatever data Americans choose to believe, that all this talk about credit report accuracy will fuel Americans to action. RoadFish.com’s Senior staff writer is quoted as saying, “Myself, I’m hoping that with all this data flying around about credit reports, American consumers will realize that mistakes on credit reports are inevitable to a certain degree, and with any luck will take it upon themselves to accept the responsibility of ensuring that their credit is clean. Nobody else is going to be checking my credit to make sure everything is right—that’s my job. Nobody else is going to be analyzing my score and figuring out ways to bolster it—that’s my job. So this is my call to action to American consumers, to get on top of checking your credit reports.”
CBS’ Hobson stated in this article that mistakes can occur due to seemingly simple mix-ups like two consumers having the same name or social security numbers that are similar. She explains the importance of checking one’s credit report to verify personal information.
RoadFish.com points out that Americans need to take advantage of being entitled to free credit checks each year, which many Americans currently don’t cash in on. RoadFish.com’s Senior staff writer is quoted as saying, “I always had a suspicion that the percentage of consumers who actually checked their credit reports each year was low, and CBS’ Hobson confirmed that statistic for me. The CBS article I’ve reference today quotes that from 2004 to 2010, only 25 million credit reports out of over 600 million were actually accessed each year. Hobson breaks that down to about 5%. That is a sad, sad statistic. Start checking, folks. Simple as that. You’ll never know what’s going on unless you dive right in and see. And, you can do it for free. What’s holding you back?”
RoadFish.com is an online men’s financial and lifestyle magazine, one that is geared towards successful male readers in their 30’s and 40’s. RoadFish.com commonly features articles about hot chicks, dating online dating service, and reviews of restaurants and hotels. The popular publication also sheds light on personal finances, offering credit and debt tips as well as explaining how taxes can affect credit. RoadFish.com is owned and operated by Purpose, Inc.