05-21-2007 11:42 AM - edited 06-09-2007 04:36 PM
05-21-2007 11:45 AM
My score change should have gone up 10 points because the debt % dropped due to a 200% increase in limit. Does it take 60 days before CLI's are reflected against your scores. No inquiry was added for the CLI. I was looking forward to a "quick" score change. hehe. Probably anything quick is delayed intentionally by the scoring system. Not sure, any opinions?
05-21-2007 12:25 PM
05-21-2007 12:32 PM
The score simulator has a VERY tenuous relationship with reality
I was playing with numbers on the "FICO® Score Simulator" that came with Score Power through Equifax.
05-21-2007 12:37 PM - edited 05-21-2007 12:46 PM
I was using the simulator like a fact sheet with relations to percentages. So the only way to truly know if something effects my score is to do it and wait. I spent days calculating where my score would be if I paid off more of my debt. Is there any way other than paying off 10% each month and seeing how my score is reflected to be able to predict a score with out doing it?
MidnightVoice wrote:The score simulator has a VERY tenuous relationship with reality
05-21-2007 12:47 PM
05-21-2007 12:51 PM
05-21-2007 12:53 PM
Am I also correct to assume that my percentages to effect scores might be different from my next store neighbor because of history, age of accounts, quan, and CL's?
05-21-2007 01:22 PM
Tuscani wrote:Did you pull a new report? Was the simulator accurate?
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO