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Understanding FICO® Scoring

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Posts: 14

Registered: ‎02-18-2013

FICO Score simulator

[ Edited ]

‎04-16-2013 10:06 PM - edited ‎04-16-2013 10:12 PM

When you run the FICO score simulator, does it take into account collection accounts that will "roll off"? I see that it takes into account the aging of accounts.

For example when i ran the simulator,

I simulate paying down my revolving debts over 12 months, I receive a significant simulated score bump (from 632 to 712 -732)...could this be from the many collections that will hit the 7 year mark and fall off during this window?

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