Weird result in the MyFico credit simulator

[Anonymous]

This one cracks me up.

[Anonymous]

yeah mine says over 820 if  I do it

[shoo]

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@Anonymous wrote:

This one cracks me up.

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Nice. You should do it - come back 2017 and tell us if it jumped that high. I'm gonna go try the simulator now.

[Anonymous]

Mine says pay down 1 dollar of my 34 for 24 months with EQ going 738 to 784...Doubt discover will let me pay a buck a month tho.

[Anonymous]

Jeez. I don't see crazy increases like that.

[Anonymous]

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@Anonymous wrote:

Jeez. I don't see crazy increases like that.

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thats cuz they automatically assume you will unfreeze and take 26 new inquiries.

[Anonymous]

wow, my TU wants me to pay off 75 bucks a month on an installment loan that reports incorrectly and I get 145 pt boost. Too bad the payments are 274 and there are only 5 months left And the simulator uses your last full pull not the current monitoring score.

[Anonymous]

It also says that my EQ score will jump from 683 to 698 if I pay down at least $104 of my $315 in balances. Since my balances are actually $143, the accuracy test of that one will be pretty quick - as in the next time my cards report.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Jeez. I don't see crazy increases like that.

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thats cuz they automatically assume you will unfreeze and take 26 new inquiries.

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+1 Nice one ...

[Anonymous]

THe boost assumes no other change to your score. 2 years of positive payment history, no new derogs (potentially aged off or less impactful derogs), and higher AAoA/oldest account. The simulator is still probably not accurate, but if you factor in higher AAoA, positive payment history, aged off derogs or inquiries, and lower utilization, a bump up in the score is not hard to believe.