Established Contributor
Posts: 677
Registered: ‎10-02-2007

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 how can the simulator be correct in my case??

Valued Contributor
Posts: 1,459
Registered: ‎08-30-2012

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)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
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Established Contributor
Posts: 567
Registered: ‎02-12-2011

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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