New York, NY (PRWEB) November 09, 2012
RoadFish.com men’s lifestyle and finance magazine today issued their statement regarding the Huffington Post’s inspiring article about the credit lessons one can glean from the Presidential race and election. RoadFish.com’s take on this may help to motivate American consumers to obtain and review their credit reports, just as they’ve reviewed the Presidential candidates.
Jeanne Kelly of the Huffington Post recently reported that regardless of one’s taste for politics or their preference in the candidates, Obama’s and Romney’s Presidential campaigns are good fodder for more than just politics. Kelly reports that there are valuable lessons in credit and personal finance that can be taken from both candidates’ campaigns, stating that one example is considering the fact that only one number out of many truly makes the difference. Kelly writes that in America, the popular vote doesn’t necessarily determine the next President of the United States; it’s the votes from the Electoral College that ultimately decide. She states that, in a similar vein, credit scores follow this example. Though there are many difference credit bureaus and numbers associated with computing one’s credit score, at the end of the day it’s the FICO score that the majority of lenders (90%) will look at to decide whether or not a consumer is a trustworthy borrower.
RoadFish.com enjoys the Huffington Post’s spin on the election, and applauded the publication for stressing the importance of the concept that today’s actions will impact tomorrow’s results. RoadFish.com’s Senior staff writer is quoted as saying, “I’m fond of Kelly’s comparisons and I like the key concepts she uses the urge good credit behavior, especially the notion of one’s actions today having a tremendous impact further down the road. She helps us realize that even though some gaffes may seem small and forgivable, a series of them is hard to clean up after and will take much longer to gain the trust of the lenders—not unlike a candidate needing to re-earn the trust of the voters after fouling up.”
The above-mentioned article draws a comparison between the four-year gap in the chance to elect a new President, to maintain a checks and balances model, and the fact that credit needs to be checked frequently as well. Kelly states that credit should not be checked just once and then left alone, but rather that it should be monitored and, like presidents and other elected officials, reviewed regularly. It is entirely possible for credit bureaus to make errors on consumers’ credit reports, and it is the consumers’ responsibility to find the mistakes and get them fixed.
RoadFish.com encourages its readers to check their credit as well as bank statements on a fairly regular basis. RoadFish.com’s Senior staff writer is quoted as saying, “It’s a good idea to check both pretty frequently, but they each have different meanings of the word ‘frequent.’ Bank statements are easy to check, you can get a SmartPhone app and check them every day from the palm of your hand if you want. I personally check mine at a minimum of twice per week, that way if something is amiss I can catch it right away. With credit reports, most sources will say that checking once a year is sufficient. I believe that if you are working on building up your credit, it’s not a bad idea to check it more frequently though—once per month or every other month, to monitor your progress.”
Jeanne Kelly is the founder of Kelly Group Credit Consulting and the author of “The 90 Day Credit Challenge.” She has appeared on the Today Show as well as several on-air radio programs to discuss personal and nation-wide credit issues. Her work has appeared on CNN, Money, and the New York Times in addition to the Huffington Post.
RoadFish.com is an online lifestyle and finance magazine that frequently writes about riveting men’s topics such as dating girls, men’s fashion, and exciting adventures. It is a publication that is intended for men in their 30's and 40's who have already achieved some life success and constantly have their sights set on new goals. RoadFish.com covers current events of interest to men of this age group such as hot chicks, luxury items, dating advice, and financial advice like how to fix errors on a credit report. It is a publication owned by Purpose Inc.