From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, June 21, 2011 12:09 AM
To: Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Subject: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
See this message and your response at https://blog.creditscoring.com/?p=2190, https://blog.creditscoring.com/?tag=wall-street-journal, and https://blog.creditscoring.com/?tag=news-corporation.
You wrote, “It’s a fussier method than that, but your utilization rate is worth some 30% of your score.”
Who is your source for the worth of the utilization rate?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
UPDATE, 6/21/2011
From: Waters, Jennifer
Sent: Tuesday, June 21, 2011 12:21 AM
To: ‘greg@creditscoring.com’
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Experian and TransUnion and FICO.
From: Greg Fisher
Sent: Tuesday, June 21, 2011 12:59 AM
To: Waters, Jennifer
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction
Fair Isaac indicates that the proportion of credit lines used is only one of six items in an entire category which comprises 30%, “Amounts Owed.”
When will you make a correction?
Where do Experian and TransUnion make the statements you refer to?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
UPDATE, 6/22/2011
Social media
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, June 22, 2011 10:15 AM
To: Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Cc: Melissa Rudy; Emily Glazer, reporter, Wall Street Journal, News Corporation; Teri Everett, senior vice president, Corporate Affairs & Communications, News Corporation
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction II
If
a + b + c + d + .30 + f = .30
then the sum of
a, b, c, d, and f must be zero.
But that must not be true since Fair Isaac said, for instance, regarding the 4th item in the category, “Your FICO Score considers the number of accounts you have with balances” (also, see Equifax, 1997). Are we both talking about the same Fair Isaac?
What is your equation?
Also, could you find somebody to clean up the page titled, “One in Six Employers Looking At Your Credit Report, Study Finds”? On the menu bar in Internet Explorer, click on View, then Source (Ctrl+U in Firefox and Chrome) to see the page’s HTML source code. It still says, “Many employers are checking job candidates’ credit scores, but how big of a factor are credit scores in a company’s eventual decision to hire?”
And, another thing: Please have Rupert Murdoch review the page titled, “How to Score a Free Credit Score.” It says that employers use credit scores, and that is a myth.
And, one more thing: Have Mr. Murdoch review the page titled, “Protect Credit Score.” It has been a month.
See an example of an honorable correction by Gannett on its page titled, “Our view: Credit reports stacked against consumers.”
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342