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score stimulator

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mcap1263
Established Member

score stimulator

said in the next year i can go from 553 up to 737-773  if i pay down cc to 9%  really can this be done
Message 1 of 14
13 REPLIES 13
Anonymous
Not applicable

Re: score stimulator

FICO Score Simulator is said to be about 90% accurate...that's also if you maintain...9% UTL for a year...
Message 2 of 14
cobra19
Valued Contributor

Re: score stimulator

instead of waiting 2 years, pay down to 9% now and see what happens within the next 30 - 60 days 
 
I am in the minoroty, but to me the simulator is virtually worthless. There are too many factors not taken into consideration by the simulator.  
New York Yankees - 2009 World Series Champions. 27... and counting.....
Message 3 of 14
mcap1263
Established Member

Re: score stimulator

thanks if i get over half paid do you think it will raise significantly
trying to get everything down to at least 30% with 3 accounts pif by 60 days  will this help  thanks!!!!!
Message 4 of 14
Anonymous
Not applicable

Re: score stimulator

You can usually expect...10-15 points...for every 10%...you lower your UTL by...just by going from 90% UTL...to 49% UTL could help a lot...
Message 5 of 14
llecs
Moderator Emeritus

Re: score stimulator

Also judging by the lower score bit high prediction, you likely have new credit. The utilization will give a boost as will the natural aging of these accounts.
Message 6 of 14
mcap1263
Established Member

Re: score stimulator

thanks so it is possible to get back on track(i need the encouragement)  thanks again  did you do this?
 
Message 7 of 14
Anonymous
Not applicable

Re: score stimulator

I took my util down from 87% to 41% this month and saw a 38 point increase.
Message 8 of 14
cam006
Contributor

Re: score stimulator

I'm not so sure about the simulator either.  Nearly every action I select results in a 10 -40 pt decrease. 
 
I pif cc bal of $130 and got an 18 pt increase.  lol my cc limits are $250 and $700.  But it works.
7/11/08: EQ: 635, TU: 658, EX: 607
10/10: TU 634, EQ 626, Ex 626
9/14/2012: TU 622, EQ 660
10/16/2012: TU 731, EQ 706 - finally on my way!
Message 9 of 14
mcap1263
Established Member

Re: score stimulator

did you think(like me ) that it would never go up.  thanks
Message 10 of 14
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