So I signed up on Credit Karma just to see what its all about. I know the score isn't a FICO score but it atleast gives me a general base area to start.
I used their simulator and I kept everything as is except for I tried to simulate what my CK score would be after 24 of ontime payments. Just to sort of see where I'll be in 2 years.
It gave me no change what-so-ever. So either its not working properly, or am I really screwed beyond belief?
I have a couple baddies on there but all except for one 30 day late that happened in the last 12 months (processing error on my end) are already 3 years old so in 2 years they'd be 5 years old...you can't tell me that with 24 ontime monthly payment currently doesn't outweight baddies that would be 5 years old?
If I do anything negative on the simulator it drops so I'm guessing its easier to crumble down than it is to build up. I'd expect at LEAST a small bump from 2 years of on time payments...
Ok good to know. I did a couple things and it eventually gave me "cant compute" type of error and so I filed a report through the help (the error gave me a link).
Hopefully it gets fixed, but its good to know its not just me and that I'm doomed for the next 4 years till things totally drop off.
@GregB wrote:It doesn't matter what the simulator shows because that is your TransRisk score, which isn't used by any lenders.
I understand that but considering it is on a similar scale it would give some sort of indication as to what would happen.
if I use the similator for something negative (say an account goes to collections) and my score drops from XXX to YYY then one could say "ok" that made me loose z% of my points which is better than nothing.
So if it says my score is 600 I fully understand taht my Fico score may or may not be 600 It may be more, may be less but the nice thing about the simulator is it helps you get some understand of the what-ifs. I'm not looking for my specific score - if I wanted those I'd just buy them. I'm looking for a generalization of what-ifs outcome. Could I see a .01% or 10% jump...thats a big difference.
Look your missing the point CK is only good to check your report period if you wan to know get real fico scores then use the fico simulator it will be a little more accurate as for 24 extra months of on time payments yes your score should climb steadily. Dont get me wrong CK is great for checking your free TR report otherwise iits not much use I had score of 680 CK and my fico was 738
Starting Score: 0
the report works if you do one at a time.
for example if you put in pay off x amount of debt.
or only add one inqury.
other wise its pretty useless.
but its good to check your account balances and such which you can do anyways.
