I am going to learn how accurate it is... if it's anywhere close, I'll be extremely happy!
1. I owe 1277 according to Equifax, which is about 80% of my utilization. It calculated if I play 1200 over a month period my credit score should increase from 611 (dropped 20 points to 611 when I was maxing my CCs) to 691-731.
2. I owe 852 according to TU, which is still a high util. It calculated if I pay 800 over a month period my score will go from 633 to 673-713.
My Exp score is from 10/28, my TU is from 10/3, if I run my TU now it will probably be as low as my Ex because my util was bad after 10/3. I started getting reports at around end of september that my positive accounts have increased and that my last derog was more than 5 years ago, so I think I've hit a turning point, but then I messed it up when I used up my util, so I wonder if that's why the simulator said I will be much higher than I ever was, because I was already at a turning point. It also helped that I have a more diverse credit history, since I added a car (which actually helped, because it showed I have debt I am paying responsibly) and I added a couple credit cards. I have three regular low credit limit cards and a macy's card, plus my car payments, and everything has been on time and until recently util was decent. All these factors I think have helped me out.
I paid down all my CCs and after all of my accounts are posted to the bureaus it should show my util at about 1 to 3%.
I am crossing my fingers!
Message Edited by Jovian on 10-30-2009 09:26 PM
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TU: 592 11/08/2008.....EQ: 602 11/02/2008.....EX: 604 11/8/2008
TU: 618 12/04/2008.....EQ: 618 12/10/2008.....EX: 622 12/8/2008
TU: 647 11/11/2009.....EQ: 633 11/10/2009
TU: 672 12/07/2009.....EQ: 651 11/28/2009.....EX: 650 12/07/2009(EX pulled by Lender)
