Posts: 94
Registered: ‎03-12-2012


I'm totally confused. I was playing around with the FICO score stimilator. My total revolving debt is $2445. If I pay $815 for 1 month, my FICO score should increase 20 to 40 points. If I pay $815 for 3 months, my FICO score should increase between 30 to 50 points.


What should I do?


Thanks in advance!

A Fresh Start
Regular Contributor
Posts: 127
Registered: ‎03-07-2013

Re: Confused!

Sounds like paying down your debt is the best option and your FICO score will agree with that.



Established Contributor
Posts: 662
Registered: ‎02-20-2013

Re: Confused!

Not to sound condescending, but you don't really need a score simulator to figure out that if you pay down your revolving debt, your score will go up.


Perhaps you should be more specific in asking about what you are trying to accomplish with your credit profile?

DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
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Community Leader
Senior Contributor
Posts: 26,659
Registered: ‎02-07-2013

Re: Confused!

Paying down debt is always a good financial move causing a jump in scores

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Valued Contributor
Posts: 6,768
Registered: ‎10-21-2012

Re: Confused!

Matt6995 wrote:

Sounds like paying down your debt is the best option and your FICO score will agree with that.





Simulators are just that - simulators.  Paying down debt always lends itself to a positive score gain - provided other factors on your credit profile don't affect it.

Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010

Re: Confused!

Well, remember that with scenario #2, you're not only paying down the debt and thus reducing util, you're also allowing your accounts to gain age.


I'm going to move this to the Understanding FICO Scoring forum.

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