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Established Contributor
Posts: 742
Registered: ‎10-02-2007
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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
Posts: 1,546
Registered: ‎08-30-2012
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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 712|EQ 695|EXP 723 (FICO)
Total credit $185,250; Util 14%
Goal Score: 700 across the board.
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Established Contributor
Posts: 581
Registered: ‎02-12-2011
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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: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


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