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Established Contributor
Andy77
Posts: 631
Registered: ‎10-02-2007
0

Could my score go up 80 points..

[ Edited ]

 

 

So the my fico simulator says if I pay off all my debt my score will be in the range of 706-746

 

I have a Ch7 discharged bk from Sept 2009

 

All accounts I have opened since Sept 2009 have been paid on time

 

My cards are maxed now and my EQ my fico score is now 626

 

Do you think if I pay everything off my score could easily go to 700 as the simulator pointed out?

 

Reason why I ask if my best friend is just at 698 and his bk is 9.5 yrs old...so how can the simulator be correct in my case??

Valued Contributor
madmann26
Posts: 1,440
Registered: ‎08-30-2012
0

Re: Could my score go up 80 points..

Very easily. Pay them off over 6 months or so and you'll see a nice boost.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
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Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
0

Re: Could my score go up 80 points..

While some believe the score simulator is "way" off as opposed to just "off", I think you can expect in the RANGE of the numbers it gives you provided NOTHING else changed. The simulator assumptions are based on y+x=z and don't account for ANY variables...a late, a new collection, a new inquiry, nothing. So follow as closely as you can. Everyone's score is unique and since the situations are unique, the increases and decreases really aren't predictable.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


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