Credit Expert reports that my score dropped only 6 points (from 718 to 712) after revolving debt increased from 19K to 30K. According to the report, my available credit dropped from 65% to 45%. (This ratio is not accurate due to the credit limit not being reported on one card with a 16 K limit, but I digress). This small drop was very surprising because I thought that the scoring models were very sensitive to debt/limit ratios. The only other change was the reporting of my car loan which showed that the balance had dropped from 22K to 20K.
FICO causes people to try to figure it out. This diverts attention from the real issue that it's a shell game and what to do to eliminate this farce!:
