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The Simulator when looking at your MyFICO reports does not seem to take into account that certain items will drop off, such as BK and collections.
Therefore, take your info and plug it into the Simulator Estimator (the link in OP) and you will be able to get decent gauge of the range you should be in with that.
@haulingthescoreup wrote:I think what you'd have to do is re-run the sim with all the correct figures info from your reports, but this time when it asks if you've ever had a PR, answer "no." That will calculate your score as if it hadn't happened.
@smallfry wrote:
@haulingthescoreup wrote:
I like to run the Estimator every 2-3 months. It's a great time machine, letting you know where you might have been, if only.
It doesn't seem to ask quite enough questions, though, which might fine-tune the projected score range a bit better.Does the Simulator take into account my BK dropping which will be gone in 11 months? I find it hard to believe my TU score will remain basically unchanged in two years even though my average age will be 2 years higher.
This is a problem with both the estimator and the sims --they don't project the effect of negatives dropping off in the near future.
Hauling I know the Estimator factors in no PR's I was wondering if the Simulator does. Judging by the numbers I get from it I would say no.
@smallfry wrote:
Hauling I know the Estimator factors in no PR's I was wondering if the Simulator does. Judging by the numbers I get from it I would say no.
Okay, senior moment.....remind me what PR is? I scanned abbreviations thread and didn't notice a listing for it....so I guess I need a quick lingo lesson
@Anonymous wrote:
@smallfry wrote:
Hauling I know the Estimator factors in no PR's I was wondering if the Simulator does. Judging by the numbers I get from it I would say no.Okay, senior moment.....remind me what PR is? I scanned abbreviations thread and didn't notice a listing for it....so I guess I need a quick lingo lesson
Message Edited by txjohn on 04-19-2009 06:09 PM
Public Record
smallfry -
The Estimator does ask you if you have had any of the following:
10. Please indicate if you have ever gone through any of the following negative financial events in the last 10 years: bankruptcy, tax lien, foreclosure, repossession, or account referred to collection agency.
I think these items should be broken into a few separate categories, but if you have had any, including BK, you can factor it in.
If you want to estimate score after BK drops, then you would say no, unless you have remaining baddies that it covers.
smallfry wrote:
@haulingthescoreup wrote:I think what you'd have to do is re-run the sim with all the correct figures info from your reports, but this time when it asks if you've ever had a PR, answer "no." That will calculate your score as if it hadn't happened.
@smallfry wrote:
@haulingthescoreup wrote:
I like to run the Estimator every 2-3 months. It's a great time machine, letting you know where you might have been, if only.
It doesn't seem to ask quite enough questions, though, which might fine-tune the projected score range a bit better.Does the Simulator take into account my BK dropping which will be gone in 11 months? I find it hard to believe my TU score will remain basically unchanged in two years even though my average age will be 2 years higher.
This is a problem with both the estimator and the sims --they don't project the effect of negatives dropping off in the near future.Hauling I know the Estimator factors in no PR's I was wondering if the Simulator does. Judging by the numbers I get from it I would say no.
I haven't played with this Estimator in some time. I just answered all of the questions and my score range was
770-820. My current EQ score is 817, so I suppose its fairly accurate.
I plugged the numbers and it said 775 - 825 and before new accounts score was 814.
I plugged numbers for after new accounts hit plus new inquiries, said 755-805 so we'll see if that's my new range after all new accounts join new inquiries.