The Credit Scoring Site A bleak account 

Open letter to Red Ventures, 20220602

Ric Elias publishes more false information about consumer finance: Credit Score Myth 7

| By Greg Fisher

Ric Elias' company Red Ventures published more false information about credit scoring. In a previous matter, Red Ventures repeated Credit Score Myth 2, the one about employers that has turned into a big joke. Ricardo Elias is out of control. To keep track of him, there is an index code, n4167534. #n4167534

You falsely wrote, "According to the FICO scoring model, your credit utilization ratio accounts for 30% of your credit score."

That is not true because any such ratio is only part of a category of factors that accounts for 30%. The category, Amounts Owed, consists of

So, if what you are saying were true, then the other factors in the category would all be weighted at zero. That, of course, would make no sense.

Worse, there are at least four people involved in the article in question. I tried to contact you about it.

What is your correction policy?

Please reply today.

--
Greg Fisher
Truth and Falsity
truthandfalsity.com
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
mobile/text 937-681-3224





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