credit score, utilization ratio, Moneyland, Time Magazine, Time Warner Inc.

From: Greg Fisher []
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, and

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
PO Box 342
Dayton, Ohio  45409-0342

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