FICO is full of baloney

BuffaloBoy · ‎10-09-2014

Score simulator says paying down $1000 will increase my score to around 640 (I'm currently 624).

So I pay down $2900 and it goes up ... *drumroll please* ... ZERO.

0.

Zip.

Nada.

CreditDunce · ‎10-09-2014

I don't know how accurate the simulator is. But until the balance reports to the CRA's you will not see anything. It is not the current balance on the CC that matters. It is the balance that is reported to the CRA's.

BearsAndTurtlesRtheBest · ‎10-09-2014

If not mistaken its good to at least report some utilization like 5%.... I dont trust any stimulator on any credit report website.

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Anonymous · ‎10-09-2014

bologna*

BearsAndTurtlesRtheBest · ‎10-09-2014

@Anonymous wrote:
bologna*

Cause Oscar Meyers has the way to B.O.L.O.G.N.A ...................Tada!

Discover IT $2,600- First Premier MasterCard $1,000- Dillards Store Card $300- Fingerhut Advantage $200
Chapter 7 BK Dischagred on 07/11/16. Gardening Since 01/17/2019

takeshi74 · ‎10-10-2014

Can't comment on the score simulator but how do these payments affect your reported utilization?