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??
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.