Senior Vice President

From: Greg Fisher []
Sent: Friday, April 19, 2013 9:52 AM
To: Jerry Healey, owner and publisher, Colorado Community Media
Cc: Todd Hauer, senior vice president, wealth advisor, Morgan Stanley
Subject: credit score, credit utilization definition

You published this about one of the five categories of data in the FICO credit score formula:

Credit utilization. Credit utilization is defined as the total debt you have divided by the total available credit that is available to you. High credit utilization can be a warning sign of credit risk.

Fair Isaac does not title the second category with those words.  It uses “Amounts owed,” and that category contains factors that have nothing to do with the proportion of balances to credit limits.

I noticed your article in a news search.  It is in the top ten results, alongside articles from Yahoo! News and Fox Business.

Who “defined” credit utilization?

What is your correction policy?

Greg Fisher
The Credit Scoring Site
PO Box 342
Dayton, Ohio  45409-0342