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Proof ---It's not just a "snapshot"

Discussion in 'Credit Talk' started by Calypso, May 3, 2002.

  1. May 3, 2002 #1
    Calypso

    Calypso Well-Known Member

    I've had a theory that (at least on Experian) the amount of debt you have carried in the PAST is part of the formula they use to calculate your score.

    PROOF--
     
  3. May 3, 2002 #2
    Rina

    Rina Well-Known Member

    Where's the proof?
     
  4. May 4, 2002 #3
    Calypso

    Calypso Well-Known Member

    Rina--

    See my "continued" post for the long answer.


    Short answer-- even after paying down (over 40K!!)
    balances to approx $500, reason code is still showing
    "balances too high"

    This shows me that the formula looks at your average balances over the last 6 months/ year/ ?
    and factors in more than just what you currently owe.
     

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