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Understanding FICO® Scoring

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Posts: 3

Registered: ‎05-10-2007

What kind of math are they using???

‎08-07-2007 03:54 AM

Hello all:

BLUF: My EQ score dropped to 686 from 701 because my balance increased "62%", so they say.

I have a WaMu with a credit limit of $2651. At the time my score dropped my balance was a mere $45 and increased to $120. This left me with an available balance of $2531 or a usage of only 4.53% of my available credit - well below the 30-35% that is suggested to have available. What's up with that?

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