From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, December 19, 2011 2:54 PM
To: Jeffrey L. Bewkes, chairman of the board and CEO, Time Warner Inc.
Cc: Scott Medintz, editor, MoneyLand, Time Magazine; Scott Medintz, editor, MoneyLand, Time Magazine; Chris Farrell, economics editor, Marketplace Money, American Public Media; Ian R. Friendly, chair, Board of Trustees, Minnesota public Radio and executive vice president, chief operating officer, U.S. Retail, General Mills
Subject: RE: credit score, myth, proportion of balances, Time Warner Inc.
See this message and your response at https://blog.creditscoring.com/?p=3051, https://blog.creditscoring.com/?cat=134 and https://blog.creditscoring.com/?tag=time-warner.
You published, “When it comes to your score, 30% consists of the amounts you owe in relation to your available credit — an equation called your utilization ratio.”
Either your source misled you or your math is off. Who is your source regarding your claim of the 30 percent importance of the so-called “utilization ratio”? It is, indeed, a myth.
Earlier this month, another journalist made a correction about the same issue. However, he failed to provide the source for his original claim. Peculiarly, even the article to which his story links calls it a myth.
And, who calls it “utilization ratio,” anyway?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
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